GBPUSD: The pair is now building up strength but will have to break out of its symmetrical triangle and break above the 1.6272 level to convince the market of further gains. This will open upside risk towards its Nov’2010 high at 1.6298 with a clearance of there resuming its broader long term...
EURUSD
Comment: Hovering around Fibonacci support as we consolidate under this year’s high, wondering which exactly is this year’s currency of choice when leveraging or de-leveraging. Allow for more of the same today and slow work all week. At-the-money implied volatility might pick up this...
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