Not much change since last post. Exactly as predicted, GBPUSD reached 1.6440 and since then broke down so now the position is about +65 points. In case of EURGBP, the price is probing 8750 up about 50 points from yesterday.
US consumer confidence surprised to the upside at 54.1 (expected 48.1). However, that news did not help to push the price action from yesterday's range. Equities are up but lost much of earlier gains. In FX, majors are changed only marginally. Interesting price action formed in USDCAD which shot up from 1.0720 to 1.0815 in matter of minutes. USDCAD close around the 1.08 area would signal a base forming. From which bullish move could be expected.
Good trades
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