GBPUSD traded higher Monday extending the bounce from last Wednesday's 1.0924 low. The recent move lower between Oct 5 - 12 appears to have been a correction. A continuation higher would signal scope for a test and possible breach of 1.1495, the Oct 5 high and bull trigger. Clearance of this level would strengthen bullish conditions. On the downside, key short-term support has been defined at 1.0924, the Oct 12 low.
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Inside session range for Tsys after the bell, curves steeper with short end outperforming all day, Modest volumes (TYZ2<1.1M) going into the weekend (London out for Queen's funeral Mon), FOMC annc Wed (75bp hike widely expected), BoE Thu.