As to be expected we’ve seen a bit of caution ahead of the US NFPs at 12.30 GMT and after yesterday’s sharp fall in the euro we’ve seen a few buyers trimming back some shorts
EURUSD has been up to 1.2964 but faces decent resistance around 1.2970 which was a key level on the way down and EURGBP is up to 0.7944 but with offers around 0.7950 likely to cap for the moment. The EURGBP buying has also put paid to any further rally for cable after an impressive crawl back from 1.6286 1.6332. Currently back to 1.6314
EURCHF steady around 1.2060 means that USDCHF has drifted off to test 0.9300 but the bids are holding any further falls for the moment while USDJPY has eased back to 105.11 but also running into a couple of buyers as EURJPY chews its way off the lows
Only 2 hours to go before we go frantic all over again.
