Doesn’t seem to be strong conviction which direction next 50 pips will come. Not overly surprising given the whipsaw price action seen yesterday.

We’re at 1.2952.

Buy orders clustered 1.2900/10 and 1.2880/90, sell stops below there. Buy stops through 1.2970, sell orders clustered 1.2980/00 before more stops through 1.3005.

If you put a gun to my head (and Pete’s) we’d have to go with next 50 pips coming to the topside.