London Session

GBP/USD has pushed decisively above the 1.3400 area, turning a long watched resistance zone into a potential support area. Traders are now weighing whether the pair can extend toward 1.3489 and the 1.3500 round number or slip back into choppy trade below the breakout level.

EUR/USD is showing signs of exhaustion after rising for more than two weeks, with technical resistance near 1.1465 limiting the upside. Market participants are watching whether the pair grinds lower toward 1.1400 and 1.1315 or forms a tradable range in thin July conditions.