We had a dreadfully quiet day in Asia yesterday, Europe stepped in and cable shot up 250 pips and everything flew around for about 4 hours. Then NY opened and the market went quiet again. Hopefully this particular trend is short lived.
Interesting to note that the bids in EUR/GBP between .8750/70 are still alive and kicking. Low was 65 and then it bounced. The AUD/USD is expected to meet some heavy resistance on the approach to .7800 and we’ll give you more exact levels of where the offers are situated when we find out. Elsewhere, pick a 60 pip range and trade the edges during this Asian session.
Market plays are dominating most pairs and fundamental analysis is on holiday.
Good luck today.
