The volume was very light ahead of the US holiday on Thursday, which minimized any real trading opportunities. We were stopped at breakeven on EUR/CHF, but am looking at British pound ahead of tonight's BOE minutes at 9:30 GMT.

Symmetrical 202-point retracements point to failed trendline support-turned-resistance at .618 retracement, as shown on the hourly British pound chart. Any push up into 1.9050 following the economic release could be viewed as a shorting opportunity. Personally, I'm standing by to wait for the volume to re-enter this market.

Todd Gordon is a Technical Currency Strategist and Fund Trader with GAIN Capital Group.

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