Flows and Orders/FXWW News/GBP crosses/JPY crosses/Trade Ideas

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.

Leave a Reply

Your email address will not be published. Required fields are marked *