As European traders shuffle in on a cold winter's morning we're seeing some early greenback grabbing
GBPUSD has been down to new session lows of 1.5144 before running into a few buyers. Expect more into 1.5130 and 1.5100. Rallies now to be sold into 1.5200.
Cable bears like me had 1.5190-1.5200 in mind as a key support area and I now expect that to turn to resistance all things being equal
The US$ buying has also seen EURUSD dip below 1.0610 before running into more demand into 1.0600 and has now bounced back to 1.0625 with other euro pairs also finding support
The cable dip has sent EURGBP up to 0.7013. Expect sellers into 0.7020 with more at 0.7035 and into 0.7050. Demand/support remains into 0.6980
USDJPY is getting caught in the cross plays again but holding steady above 123.10 while USDCHF is finding a few offers into 1.0220 and USDCAD still attracting supply around 1.3400 as per my earlier post
Order boards on their way shortly
