AUD/USD and Cable update
- Prime broker reports stops just above 1.6200 in cable but sell orders also seen 1.6215/20 which should be enough to cap during Asian trade (unless large GBP/JPY demand appears out of Tokyo);
- AUD/USD looks like it’s struggling to close the day below .9225. I know its only marginal but it still gives some hints as to markets’ strength. Sticking to my .9200/80 Asian range with bullish bias.
- GBP/JPY still roaring ahead and the strong close above 163.00 is very significant indeed. Buy any dips for now.