We closed out the day with NZD and AUD as the best performers and USD lagging. To me, sterling stands out on the daily charts.
On the cable chart, the rebound invalidates the breakdown toward 1.54 and points to a retest of the recent highs and the 50 dma.
The EUR/GBP chart is just as convincing. We broke out of a minor triangle and below the Feb lows and are heading toward 0.8284 in a move that looks almost inevitable.
