Decent demand reported over the last few sessions and banks expect this to continue; End-of-month corporate demand and leveraged interest in EUR/AUD and EUR/JPY to the fore; Modest technical resistance near 1.3580 with stop-loss buy orders expected above; Potentially looser ECB policy not having any impact on the market; More short-term gains look

Another speech from the RBA deputy-Governor later tonight so we can expect more verbal intervention; Crosses like GBP/AUD have made significant bullish breaks and more AUD weakness is likely; Real-money funds and option players are chasing this move lower as they adjust hedges; There is some technical support (76.4% retracement) near .9060 but momentum is

My attempt at picking a short-term base in the AUD/USD was ill-conceived and I took a 73 pip loss on the position on Friday night. The move lower in the AUD on the crosses has been very strong and when this is happening, it’s pointless trying to fight it. I took the loss and will

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

Obviously talking my book here as usual but all the signs remain bullish for the GBP in my biased view. GBP/JPY and GBP/AUD have made strong technical breaks and once the crosses start heading in one direction, the cable is virtually certain to follow. There is major technical resistance at 1.6250/60 and the market tends

GBP/JPY made a significant move higher last night breaking above monthly highs at 163.00. It’s unusual for these big levels to break on the first time of asking, but if they do then watch out! EUR/AUD made a more modest break above recent daily highs near 1.4550 but the up-trend looks to be back in

Don’t get too excited, they won’t be doing it any-time soon. Stops now getting triggered below .9270 but I’m still looking to buy this

The interbank market is reporting some very heavy turnover near 100.75, which was a recent daily high. The next big technical level to watch above here is 101.55. I still think some of the Yen crosses look susceptible to deeper dips and that’s why I’m not getting overly bullish on USD/JPY. Elsewhere I’m still watching

Recent highs in USD/JPY at 100.55/60 are edging closer with a break higher in the Nikkei the catalyst. The BOJ will release their latest rate decision this afternoon and perhaps there are some bets being placed that they may announce some unexpected measures? They would certainly be unexpected as nobody is talking about

There are no significant trends in control at the moment so the best we can look for is some short-term trading opportunities. Like I mentioned below in the AUD/USD, present markets favour range traders so patience will be required.

Overall I’m in the buy-big-dip camp but I think we may get a test of .9225 in coming days. I’m certainly not willing to go short unless I’ve got some profit in the trade, so this is how I’m thinking of approaching it (presuming nothing too unexpected happens). Look for break of support at .9280

NZD/JPY: Hopefully you took advantage of the rally to 83.95 yesterday and the short-term target is 81.25. I think this pair is in consolidation so cover shorts on any significant dips and sell rallies now back towards 83.50. USD/CAD: Hasn’t reacted to the Fed but still looks like a decent short-term buy ahead of 1.0425

NZD/JPY: Could be worth selling near 84.00 with a tight stop, especially if USD/JPY stays below 100.55/60; USD/CAD: Buy near 1.0450 with stop below

Resistance at 100.50/55 is still looking quite formidable and I don’t see much value in buying short-term dips whilst the sideways momentum remains so strong. The charts still look like 97.50/100.50 consolidation (see chart) and we need to wait for some strong market signals before changing this

Modest up-trend still in control but we could see a pullback towards 81.00 after resistance levels at 84.00 held firm again (see chart). With NZD/USD showing a potential topping formation and with USD/JPY resistance confirmed at 100.50, selling rallies in the cross certainly seems like the path of least

AUD/NZD- important technical support close-by at 1.1190 AUD/JPY- needs to break above 94.10 in order to increase short-term bullish momentum AUD/USD- short-term technical resistance should be solid near .9385 (see chart). There will be some intraday opportunities for sure in the AUD but first we must wait and see what happens at some of these

I have no idea where USD/JPY is headed in the shortish-term. The market is quite long yet it looks comfortable with the position so we may indeed see further gains. I’m a non-believer but there is little point in getting in the way of the market at these levels. If the Yen crosses like GBP/JPY

The bears showed their weakness yesterday, unable to hold below 1.5900 after an important technical break (see chart) and this pair is headed much higher in the medium term. The market remains moderately bullish USD in the short-term so we still may see one exhaustive sell off towards my ideal entry level near 1.5775 but