EUR and GBP staying rangebound
- EUR/USD looks technically toppy in short-term so long as 1.3425/50 resistance is able to hold;
- Bank reports continue to suggest that this pair underpinned by strong structural demand and will break higher once the speculators wilt;
- Cable back at familiar levels after Carney’s speech delivered nothing new;
- EUR/GBP (surprise, surprise) still trading around .8600.
I’m still comfortable with long cable and short EUR/GBP position.