GS : Todays FX Updates – FXWW Chatroom

EUR: I am staying flexible but with a bias for playing from the short side. I would expect a break of the 1.1270 support level to get some follow through and  dependent on the catalyst will look to sell a rally to 1.1380 with a 1.1450 stop.
JPY: The Nikkei continues to test higher leaving USDJPY in its wake – stop entries through 119.50 in USDJPY would likely lead us towards the 119.85/95 pivot, with 118.70/80 now acting as support ahead of 118.10/30.
GBP: We stick to the game plan of leaning against 1.5500 in Cable ahead of HH with intraday support now back towards 1.5380. EURGBP support 0.7325 then 0.7300, resistance now at 0.7430.
AUD: Given the level of positioning, technical setup and disparity between FX /rate market pricing for RBA risk reward favours being short at current levels – support at 0.7750 and little then to 0.7625, topside 0.7850 key. 

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