I really don’t know… were up over 200 pips in EUR/USD since i parked my backside down yesterday morning, courtesy of Chinese data and ‘Super Mario’ and the move has been consolidated in Asia, but no immediate gain so far on the late NY high/Asian open of 1.3280.
The USD/JPY looks to have the psychological 90.00 level in its sights, but i’d expect some pretty stern resistance ahead of it, as well as ahead of 1.3300 in the EUR/USD.
AUD/USD has so far failed to remove the 1.0600 barrier but this could be the nearest target especially if the EUR/AUD begins to retrace the 180 pip rally from yesterday.
EUR/USD bids rest down in the 1.3240/50 zone with more at 1.3200/10 from sovereigns and real money, and there is talk of sell stops just below 1.3200. Offers start from the o/n high 1.3280 up to 1.3310 (1.3309 Dec 19 high) with likely buy stops just above.
USD/JPY bids start from 88.80/90 with more down at 88.40/50. Offers seen ahead of barriers at 89.50 and 90.00.
EUR/JPY bids are down at 117.00.20, possible stops just below. Offers 118.50/60 but larger up ahead of 119.00 (possible/unconfirmed barrier)
AUD/USD targeting the 1.0600 barrier, likely buy stops above ahead of tech res 1.0625 (high of Sep 14 high) , bids start from 1.0555/65 with larger down at 1.0490/10
