I apologise for moaning so early in the day but seeing everything at the same levels as yesterday morning, and Monday for that matter, is a bit under inspiring. Cable, good old cable, is the only pair making any sort of an effort and the pound is generally looking weakish on the crosses. EUR/GBP has now closed above its previous resistance at .8725/40 and I see no reason not to be long here looking for a move towards .90. I still believe that the risk/reward trade in the AUD/USD is to be short with stops above .85 looking for a move back to .80.
Good luck today.
