Whilst Cable has done well to remain within range against the Greenback there is a case building for a downside break this week. An interesting observation is that whilst Friday saw the Greenback pop up to a new 4-year high the British Pound managed to held ground and remain within the 1.56-1.574 range. Whilst it remains within this range then intraday trading is preferred and to bring out the range-trade strategies (sell at resistance and buy at support). However we may soon be reaching a breakout as we are hit with data from both sides of the Atlantic. Tuesday brings the Inflation Report hearings and if recent data ... (full story)