Buying pressure was posted in the market yesterday and has continued overnight. Positive overnight flows lead to an expectation of a firm open this morning. Broken out of the channel formation to the upside. A mild correction has been posted from yesterday’s high, this is seen as a retest of the breakout level. Further upside is expected although we prefer to set longs at our bespoke support levels at 1.2885, resulting in improved risk/reward. Expect trading to remain mixed and volatile.