It's been a fairly quiet morning so far but the pound is breaking the intraday levels to get things moving
Session lows for cable as it trades down to 1.2140, 10 odd pips off of the Asia lows. 1.2160 had been support but that's gone now and if it becomes resistance then we could see those lows sooner rather than later. 1.2180 has been the higher resistance in the days range with 1.2200 holding tight when we had a look above.
EURGBP has made a break above resistance at 0.9040/45, aiding cable's drop. We've been up here before too, most notably last week and have found resistance from around 0.9050-65. No reason to think we'll find anything different today too. 0.9030 is support followed by 0.9000.
USDJPY gets you 104.00-104.30 in the main. There's been an extension to 103.90. Keep an eye on the Friday afternoon low at 103.75/80.
EURUSD isn't doing a lot and 1.1000 is playing hard to get. 1.1020/25 will hold some resistance if we do get through. 1.0965/70 is firming up as support.
The data calendar is a bit light today. The Empire State report kicks off the October manufacturing numbers in the States. That's at 12.30GMT and followed by US industrial production at 13.15GMT.
