– Foreign Exchange: EURGBP tested what could be seen as a double bottom neckline at 0.8350. Whilethere is no break as yet, a close above there if seen would suggest a rally to 0.8532. Given the failure of EURUSD to sustain above 1.39 (medium term trend line), the combined price action / setups on thesemarkets probably tells us more about GBPUSD vulnerability. A close below 1.6584 there would be animportant short term bearish break opening the way for the 1.64 area and possibly 1.6260
– Commodities: Silver has turned up from support levels while Gold has posted a doji pattern reflecting indecision. Higher levels from here are likely to be seen on both.