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EUR/JPY: The pair is at an interesting point at present with price action giving mixed signals. Price is being squeezed at with the apex of the triangle approaching, a breakout is imminent.
The pound is trading in the green this Tuesday morning ahead of Fed speakers later today.
GBP/USD responded oddly, pushing lower after record levels of UK inflation were released by ONS.
FTSE 100 remains under pressure as investors look for clues on when rate hikes might ease. As UK stocks struggle to gain traction, psychological resistance firms.
GBP/USD remains planted around the 1.15 level while markets keenly await FOMC and BoE rate decisions.