The JPY crosses have been moderately well bid all morning. USD/JPY is 15 pips higher and the majors like EUR/USD and cable have also managed some small gains. Corporate sell orders are seen in USD/JPY between 91.00/20.
5 Responses to “Nikkei opens +1%, Kospi flat”
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AUTOREFRESH 
Good morning, Sean. At the present moment, a little fight about “R1″ on the USD/EUR chart has broken out and I’m not seeing as much selling as I thought would occur at this level. Correct me if I am wrong, but should this level be pierced (to the upside), some time this morning, then there is really NO MAJOR RESISTANCE until “R2″ at 1.3722. Right?
Sean, I stand corrected: the blood is starting to flow on the USD/EUR chart at R1!
Morning Solange. I’d suggest prior hourly hi at 13705 and then 13736 daily high as s/t levels to watch. Major resistance I don’t see until 1.3840/70, chart high Feb 9 and 38.2% respectively.
I take by your response sean you are not a big fan of pivot points. I am assuming solange is referring to pivot points by the r1 term.
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