Since Memorial Day is behind us, I guess we are in those lazy, hazy crazy days of summer. Prices have settled down into very narrow ranges over the last hour with EUR/USD consolidating its rebound around 1.3980 and USD/JPY around 94.90.
Cable is holding the bulk of its gains after making new trend highs earlier in the day in the process of knocking out barriers at 1.5950. Prices reached 1.5968 before stalling. 1.600 barriers are rumored above the market, of course.