Forex Update

The GBP/USD is stabilizing further above our 3rd tier uptrend line, yet can manage to break free of our 2nd tier downtrend line. These two trend lines are colliding soon, and we notice multiple inflection points occurring in the EUR/USD. Hence, the two currency pairs are implying there could be a jolt of volatility soon. However, trading should be light today since many traders are taking a long weekend for the Labor Day holiday.