GS: G10 FX – London Spot Trader Views : FXWW Chatroom

We have cut back positioning significantly in line with the market, but maintain our structural long dollar view. We look to be more flexible this week, and hold on to our bullish view on the USD vs EUR, GBP, JPY and CAD. 

{EU} EURUSD Lower => We maintain our conviction of EURUSD lower, with key technical levels: Resistance will now come in at 1.0885 (Asian highs) then 1.0900, while on the downside the key support level will be 1.0750 and then 1.0700. 

  {GB} GBPUSD Lower => We still favour Cable lower with key levels for the session: 1.4880 the main support level with 1.4990-1.5000 the key resistance above. 

  {JN} USDJPY Higher => We still like the pair higher, with key levels: 119.70 and then 119.27 (post-FOMC lows) the main support levels, and 120.60 and 121.10-20 the strong resistance areas above. 

  {CA} USDCAD Higher => We maintain our view here with key technical levels: support at 1.2536 (overnight lows) then 1.25, with the first resistance level coming in at 1.26 and then 1.27. 

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