Flows and Orders/GBP crosses/Technical Analysis

GBP: Asset rebalancing demand expected at London fix

Just like the AUD during the Asian session, the GBP is likely to be the main beneficiary of end-of-financial-quarter asset rebalancing flows during European trade. On the flip side of that flow, we have also the usual Buba buying of EUR/GBP which should happen today or tomorrow.

Short-term charts are pretty neutral with resistance levels at 1.6207 and 1.6226, and support building between 1.6170/80.

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