Bank of America Merrill Lynch remains USD bulls seeing the USD Index on the verge of completing a a 10m Double Bottom, which would target 83.97 "While the potential for a near term US $ pullback remains, we would like to buy that dip, particularly against GBP," BofA says. Focusing on GBP/USD, BofA notes that it has completed a medium, if not long term, bearish turn in trend, targeting the 200d at 1.6631 ahead of 1.6252 (Feb-05 lows) and eventually below. "However, to be clear, we prefer to wait for a GBP/USD bounce, ideally into the 1.6930/1.7050 before initiating shorts," BofA advises. Same for Gold where BofA ... (full story)