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Sterling pulled to fresh highs across the board on the rising confidence that a no-deal vote will be avoided and that the next key votes in the UK parliament on March 12 and March 13 will bring either a soft Brexit vote based on whatever May can cobble together with the EU, or a delay that could eventually lead to a second referendum that obviates Brexit entirely.
In other pairs, momentum has been hard to come by, though the Scandies are showing a bit of pep and EURNOK is clear of local lows to the downside, but has a bit more work to do to register a breakout on the timescales we focus on. Breakout signal tracker
We have no open signals on our tracker. We would like to have entered a GBP long position on the close late yesterday, but the price action has run away from us. Today’s FX Breakout monitor
: JPY crosses first teased higher and then after reversing, haven’t yet done forcefully enough to provide a signal just yet – in fact, EURJPY is back close to a high close for the cycle. Otherwise, it is mostly a sterling show, with the USD close to new lows versus CAD and NZD.