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. 
  1. Hi Sean,
    It seems we’ll have to get used to this price action for the remaining trading days in December. Trading small intraday moves or waiting to fade range extremes 😀

  2. Hi guys

    I think this year the period around christmas will be interesting if no deal on the cliff are proposed until next week…
    I still expect at least 1.3200 for this end of year.

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