The EUR and GBP rallies have continued to gather pace but both EUR/USD and cable are about to meet some stiff resistance. EUR/USD will run into option protection at 1.3000 and technical resistance around 1.3130 and the cable will meet stiff technical resistance at the previously pivotal 1.5550 level. AUD/USD has still to breach the 61.8%/100-day MA level around .8880 and USD/JPY is still supported at 87.00 where verballing from the BoJ can be expected.
Good luck today and TGIF.
