• Cable is sitting just above presumed Sovereign bids
  • USD/CHF has stalled at reportedly heavy offers
  • USD/JPY is close to post-intervention highs
  • AUD/USD made fresh 30-year highs and is trading quietly above previous highs

I’m not sure what the right pair to trade is but it looks like the USD is running into some decent resistance so there may be an opportunity for a good risk-reward play.