The British Pound continues soar against the US Dollar started a recovery as we suspected last week. Prices are testing above resistance in the 1.6658-67 area marked by the
Entering long seems premature until a break of resistance is confirmed on a daily closing basis. On the other hand, attempting to pick a top and taking a trade on the short side presupposes current momentum will unravel without any readily apparent evidence. As such, we will remain flat for the time being.