FX Outlook For Monday

There is a nice confluence of technical support at 86.48 which should hold well
in the event of a pull-back.

Intra-day models show that we could have some sideways/corrective prices over
the next 12-24 hours as a Wave 5 completion on Friday should signal such an
outcome

GBP/USD

For those looking to play a possible counter-trend intra-day move, GBP/USD is
looking poised to trade higher on a break above 1.8300, while we would expect
upside to be limited to 1.8325-40 it would represent a nice pick-up regardless.