Levels to watch today (but don’t expect them to be challenged!)
- EUR/JPY resistance at 131.10/20
- AUD/USD short-term technical edges at .9170/.9300
- EUR/GBP, prior resistance becomes support at .8600.
- Cable resistance at 1.5280/1.5300.
I think we will have range trading for rest of week. My trade-of-the-moment is still the short EUR/JPY play which offers excellent risk-reward possibilities and the events of overnight have done nothing to dull my enthusiasm.