Quiet Session

The London session has seen very little movement today.  Many analysts are looking for a test of resistance at 1.2830 in the coming weeks, but you wouldn't know it from this morning's action.  The US has ISM numbers this morning (15:00 GMT) which may give the market an excuse to do something.  And of course all eyes will be on the non-farm payroll report on Friday.

We will watch for further consolidation ahead of 1.2734 and then our daily support of 1.2699. Because the bias appears to be bullish, we will want to ride the next push to test resistance at 1.2830.