Main levels to watch during Asian trade

  • EUR/USD: 1.2625 previous lows now become resistance. If bulls are to have any chance of arresting the slide then they must retake this level.
  • USD/JPY: 79.10/80.10 looks like the holding range; with USD bulls buying dips and EUR/JPY, AUD/JPY bears selling rallies
  • Cable: Major chart support at 1.5600
  • AUD/JPY: Chart support at 76.90 was tested overnight and held first up
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