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in Paul's Musings - 18 Nov, 2013
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Monday #forex update

No trades yet today , typical Monday morning really.

There is also no news releases today of note so may continue to be quiet.

Do have this snippet of information, that Barclays turns short-term bullish on GBP/USD, targeting 1.6260/90; they say a break above resistance around 1.6120 has allowed change of short-view to bullish from neutral.

GBPUSD is currently being held around 1.61

Wednesday is FOMC day so the charts will likely be volatile at that time. Will be possbily looking for positions after the event.