Levels to watch in the major pairs
- USD/JPY: Obvious range edges at 96.00/100.00 and inside of that at 97.20/98.80 (chart in members). I’d suggest range-trading mode for next few weeks.
- EUR/USD: Sovereign sellers reportedly heavy 1.3125/50.
- Cable: Strong technical resistance at 1.5580 (see members).
- AUD/USD: Decent technical resistance at 1.0360, stops above 1.0370, more sellers 1.0390/00.
- Gold: Watch the $1515 breakdown level!