Same as yesterday morning, GBP and AUD higher with the USD, EUR and JPY lagging. I have important Fibo support in the EUR/GBP at .8490 which is holding thus far but a break should see a swift test of .8200/50. Both AUD/USD and cable are headed for re-tests of last weeks highs at .8260 and 1.6660 respectively. The AUD/USD is targeting a full 61.8% retracement of the entire downmove to .6010, that comes in at .8375. Good luck today.
Cross plays still the dominant factor
Source: www.forexlive.com
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