The GBP/USD managed to break the major trend line in the weekly chart and also some important overhead resistance. I think the pair is a clear long here as long as it stays above the trend line which now becomes support. I will look for dips to buy the pair in the live trading room. Technically the pair has 200-300 pips room to go before it faces the next major resistance. The money flow also suggest further upside potential as 75% of the retail traders are net short right now. I will be careful though with longs  if more retail traders get short since at some point there will be a decrease in their numbers when they hand over their shorts to the smart money.

Here is a video on the Technical Analysis on the GBP/USD.

The EUR/USD was very hard to trade this month. It looked weak at one point but managed to find support around 1.3400. The pair was trading sideways and very choppy conditions for most part pf the month. While the pair  broke 1.3550 key resistance it was still unable to get past the 61.8% retracement of the down move. I think the pair will stay rangebound with the ECB trying to talk the Euro down like we have seen with the talk of negative deposit rates in the EU. Draghi just recently mentioned the EUR/USD has to be below 1.3000 for the southern part of Europe to stay competitive. On the other hand, the FED has no interest in a strong USD either. So I don't see the FED to tapering coming  in December and probably not in the first quarter of 2014. In the end, we have to deal most likely with a EUR/USD which stays in a range for the next months.  Therefore I look to buy dips and sell rallies in the live trading room until we get some clarity from the central banks. The money flow supports a stronger EUR/USD for the moment with 70% of the retail traders being short in the pair while the smart money is still long. Therefore my bias is slight upward in the pair right now.

Here is the EUR/USD chart and I drew a trendline to show you where we may see a breakout or breakdown.