I thought I'd update my call on buying USD at the trendline support. We are now less than 1% away and I can see a ton of currencies to buy it against. We'll create our own basket to ride the next upside leg and I shall update on my pick.
USD has been falling as expected and should soon reach the bottom of its large triangle. We will be looking for signs of reversal and long exposure for another leg higher to target the upper line of the pattern.
USDGBP: Stooging around waiting for election result with quite a lot of stored energy waiting for release - some good trades are imminent here but be careful of whipsaw in early stages - for experienced traders only, this one.
Looking at the past two weeks of short. I'll be looking for a weekly low to be set and then a sustained rise in prices for the first few days this week. There are going to be many 15m and 1h short term opportunities both long and short for this pair. Long term I'm thinking Long.