AUD,NZD/EUR crosses/EUR/USD/Flows and Orders/JPY crosses

JPY and CHF still providing the most volatility

The GBP did come under some selling pressure in early Europe, mainly on the back of GBP/CHF selling by a big Swiss bank, but the market has since settled down into a nice quiet consolidation phase. The Yen gave back some of the gains it made during Asian trade yesterday and both the EUR and the AUD have traded in fairly tight ranges against the greenback over the last few sessions.

I’m staying in range trading mode this session, still with a buy-EUR bias. AUD/USD looks like it wants to test 1.0600 again and EUR/JPY should stay comfortably inside a 116.50/118.50 range. I’d suggest staying with the buy-JPY bias during the Asian session, just like we’ve had for the last few.

  1. Good morning to you Sean,
    I took some off my long EUR/CHF just ahead of 2400, it seems offers were very heavy at the big figure. I was looking for momentum to add to it, but it seems that will have to wait.
    Good luck trading

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