A look around the FX markets
It's been a bit slow going this morning but things look like they might be livening up a touch now.
USDJPY has pushed up to 102.33 after hovering around 102.00 for most of Monday. The 102.20/25 highs will now look to be support if we're to keep the momentum up. It looks to be a yen/risk move more that full on USD strength going on the action elsewhere. Oil's on its highs and Stocks a modestly up.
AUDUSD woke up and decided that if it's not going down anymore, then it's going up. The 0.7600 level held overnight, give or take a few pips, and we've moved up towards the next resistance around 0.7640.
EURGBP is just cracking 0.8500 and that's keeping cable under pressure. There's some chunky offers and stops around 0.8500/20 so be prepared for some sort of blow through if they get hit.
EURUSD isn't doing much around 1.1082
Liquidity isn't the greatest, it's being reported, so take that into account when trading. Some of these pairs might look like they're ready to go off on a big trip but they may still take their time also.
