Intraday trading range expectations
- AUD/JPY is usually one of the more active pairs and I’d expect further consolidation of recent bull move broadly between 90.90/91.60 (see chart);
- EUR/GBP should gravitate towards barrier protection at .8400;
- Cable buy orders reportedly solid 1.5565/70 but will struggle to break above 1.5620 in Asia;
- USD/JPY bulls might be a bit disappointed by the lack of follow through above 100.00, looking for 99.70/100.40 consolidation;
- EUR/USD should find support at 1.3100 and a quiet session is likely with 1.3140/45 likely to cap.