Ouch !
On top of this morning’s pressure we now have some less than impressive, albeit weather- affected retail sales data to go with some weaker than expected weekly jobless claims
GBPUSD now up through May 2011 highs but just shy of reported barrier option interest at 1.6675.. currently 1.6668. Another barrier noted at 1.6700
EURUSD 1.3688 from 1.3665 but still wary of the large offers between 1.3700-20 with ACB sell interest noted on top
USDJPY testing strong support around 101.70 from 102.00 while USDCHF cleaned out the 0.8925 offers to 0.8918 . now 0.8928 again with more bids noted at 0.8900-20.
Risk/reward says buy USD at these levels after the recent moves but we’re not retreating too far as yet
