GBP/USD continues to look bullish as the 1.58 level holds. The breakout seems to have been confirmed, and as the Bank of England looks to sit still while the Federal Reserve is expected to start buying Treasuries again, this pair should continue higher.
The EUR/USD pair saw a significant sell off late on Friday as the pair formed a shooting star for the session, and the week. Because of this, we think the Euro is about to roll over again. In fact, it is long overdue if you think about it.