GBPUSD – Trader Talk 05/4/2017

GBPUSD drops by 0.1% to 1.2852, it's lowest level since April 2017. London open sees corporate demand for Dollars coupled with interbank desks pushing below 1.2860 handle where trailing stops were in place, a Europe-based trader says.

Support comes at 1.2839, the low on April 27, and 1.2757, the low on April 21.

Direct GBPUSD selling versus JPY also in place: trader GBP/JPY reverse gain, drops 0.1% to 145.02.