Goldman Sachs FX Spot Desk Strategies

Relatively as-expected quiet session to start the week with USD a bit stronger across the G10 FX apart versus GBP. Focus on the data front was on the slightly better-than-expected Japanese Q2 GDP print. Sterling starts the week on the front foot as hawkish comments from Forbes boost the Pound. Positioning in G10 remains very light.  
{EU} EURUSD Neutral => Look for resistance towards 1.1225 and support levels at 1.1080 and 1.1000.  
{JN} USDJPY Neutral => On the topside 125.28 and then 125.86 are the levels to keep an eye on, as well as 123.80 on the downside. 
{GB} GBPUSD Neutral => Cable at an interesting technical point with the multiple top from July just below 1.5700 in sight, support now at 1.5640, EURGBP 0.7060/80 – 0.7174 (100dma).  
{NZ} NZDUSD Neutral => Key levels for the session: Resistance at 0.6650 and support at 0.6468. 
{AU} AUDUSD Neutral => Key levels for the session: 0.7440/50 resistance with 0.7300 as support on the downside. 
{CA} USDCAD Neutral => Important technical levels for the session: support levels at 1.3000 and 1.2990 below, with 1.3213 as resistance. 
{SZ} USDCHF Neutral => Key technical levels for the session: Support at 0.9678 and resistance above lies at 0.9800 and 0.9903.

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