Cable looks like a good bet for some European volatility

• Nothing of interest happening in Asia so it will be over to the Europeans to get this market moving again.
• USD/JPY capped by option and real-money sellers ahead of 100.00; stops above there and below 99.00.
• EUR/USD holding up pretty well as long as EUR/JPY does also.
• Cable buyers reported 1.5360, sellers 1.5425 with stops above there; talk also that we might see a big buying flow today?
• AUD and NZD remain strong but off yesterday’s highs and no major flow reports today.

The only intraday trade that appeals to me for the moment is to trade the 1.5370/1.5420 cable range and perhaps trade up towards 1.5500 if big flows emerge. There could also be trailing stops below .8500 (guessing) in EUR/GBP to give the pound an extra boost??