The Pound has completed its downward margin move. I will consider long positions if we break above 1.3400, but the most favorable level for today is a retest of the major strike in the 1.3300 area to build liquidity.
We successfully captured the move from 1.3300 and are currently trading at a quarter-margin from the low. It is too early to call for a reversal; the 1.3405 level now serves as resistance alongside the quarterly mark.
UK bonds remain stable, with the 10-year yield holding near multi-year highs.
