Likely ranges to start the week
- EUR/USD: Major technical target at 1.2745 on downside and sell orders at 1.2950 on topside:
- USD/JPY: A volatile 100/104 range would not surprise pre-Bernanke on Wednesday:
- AUD/USD: Technical support/resistance now at .9600/.9870 but I do not think we will see either extreme pre-Bernanke.
- Cable: Technical levels at 1.5125/1.5290.
- USD/CHF: I’m staying bullish, .9625/.9900.