I still think that we are in a bullish consolidation of the major pairs and that EUR/USD and cable are likely to trade higher over the next few weeks. That said, I certainly would not be jumping in to either at present levels. EUR/USD, in my opinion, is in a 1.3450/1.3850 phase and we should trade the edges with a bullish bias. Cable has, in the short term, slightly more upside potential I think. I’m still long but will look to book profits around 1.5285 and then re-load on dips for the next leg higher.