Seeing some EURJPY selling come thru this morning which is weighing on an already long EURUSD market. There are local orders to sell at 1.3380 more at 1.3450 and many scattered in between. On the downside buyers await at 1.3200 with stops under 1.3170. Intraday players will try up pick some up at 1.3280 for a range play but overall Euro feels heavy and any strong selling in EURJPY will push it lower to test support.
EURJPY sellers wait in the wings at 132.60-80 and good buyers at 130.00-20. Intraday traders happy to trade a range 131.00 – 132.00 but predominantly from the short side.
