14::15 GMT - Another balanced range day was been trading into this pm. but GBP's just now started to run at the recent 173.35 high to threaten breakout at both the Jan-May overhead trend and at previous (Jan-May) highs, looking for a significant breakout. In that event the obvious target is the 174.85 YTD high. Cut back through 172.50 today/Wed. cancels.
14::30GMT - Though there has not been much follow through s/term, balance of risk has probably switched to the downside with the break of 1.3540. Lower reference area comes at recent lows at 1.3502/10 then 1.3475/85. Res. is at 1.3580/87