EUR/USD eases from fresh high since September 01. The pair rose to the highest in three months before a few hours but couldn’t cross the upper line of a five-week-old ascending triangle formation. RSI conditions warrant caution, bears are less likely to take entries above 1.1870.
USD/JPY trims early-Asian gains, drops for the fifth consecutive day. Japan’s October month Retail Sales, Industrial Production prints upbeat results. China PMIs, risk catalysts to remain as the key drivers.
GBP crosses are setting up for a bullish extension. Cable is on the verge of a break of structure and bulls will be seeking a discount n the way to the 1.3430s. The current trend is not guaranteed to print a new swing high beyond the liquidity wick's high of 1.3482.