I highlighted 1.6690/6700 as an area of support and the big figure has given way. There’s no follow through just yet and if the level goes then we could see some stops run to the next level of support at 1.6670 then 1.6640/50.
GBP/USD m15 chart
EUR/GBP is pushing back into 0.82 and back above the Feb 2014 support line potentially marking another false break.
EUR/GBP h4 chart
There’s not too much to be read into these moves and with Europe heading for home I’ll be keeping half an eye on proceedings from here on out until the big man from down under cranks up the dynamo and comes online.
Aussie traders will be keeping an ear out for the RBS meeting minutes tonight.
