Not a huge amount of change in the majors overnight with the EUR and JPY more or less where we left them, the GBP is somewhat weaker and the AUD is a touch stronger. Sovereign buyers were busy buying on dips in cable and EUR/USD but it is the AUD/USD which looks most convincing. The technical picture is beginning to look ominously bullish. I’m adjusting the profit target on my long position to .9600 with my stop loss still below .8935.
Good luck today.
