We are having a proper trading session in Asia today with plenty of two-way action, which is fun for a change.

The big 1.6000 is looming in cable with reports of plentiful sellers near there but also very large stops above 1.6025

The next stop-loss level to watch in EUR/USD is 1.3390 with talk of hedge-funds buying on stop above there and again above 1.3405.