GBP/USD had initially gained massively during the Monday session, but at the close – we are seeing a massive shooting star. This suggests that the 1.55 level is stronger resistance than we initially thought. Because of this, we feel that the 1.53 level is calling.
EUR/GBP had a back and forth session during the Monday trading day, mainly because this is a battle between two very unloved currencies. We currently see it as being in “no man’s land” and impossible to trade. However, we do see a clear range from which to base decisions off of.
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