– Investors returned from the long weekend to push overall volumes back above the average level of the past year.
– GBP/USD activity increased as sellers reversed the prior three consecutive up-days.
– GBP crosses such as GBP/CAD and GBP/NZD also registered an increase in selling activity.
– A bullish hammer candle in USD/JPY, along with increased volume, stemmed Monday’s bearish range break and signals a more choppy range phase.
– NZD/USD broke higher with an increase in activity to suggest further upside potential.
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Barclays