Day ahead in the FX market, Wednesday December 12th
- Minor data releases today; Australian consumer confidence and Japanese machinery orders:
- AUD/USD broke higher overnight and a consolidation above 1.0510/20 would be construed now as a very bullish sign:
- EUR/JPY and GBP/JPY are targeting resistance levels at 108.00 and 133.50 respectively:
- EUR/USD stop-loss orders now reported above 1.3040:
- USD/JPY needs to break above 82.80 in order to increase bullish momentum.