Sterling surged more than 3.1% off the September lows with price now testing the first major resistance hurdle. The levels that matter on the GBP/USD technical charts.
Gold bulls' patience might be wearing thin after another fake-out last week, with Gold prices to getting caught at 1800 resistance before price action tilted back to support.
Looming developments in the RSI may indicate a further advance in AUD/USD if the oscillator pushes into overbought territory for the first time since February.
Trader confidence continues to rise, weakening safe havens like the US Dollar but helping stocks and also assets like copper and crude oil that would benefit from stronger global demand.
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USD/JPY-bullish contrarian trading bias.