- GBP crosses: I’m looking for opportunities to sell some of the GBP crosses, with GBP/AUD my preferred vehicle at the moment. Recent history would suggest that a 300-pip daily range is possible during volatile days and I’m setting to play 2.16/2.19 with a strong bearish bias.
- JPY pairs: My bias is overall still bearish, although the Morgan Stanley positioning report re the size of Yen longs has certainly tempered my aggression. USD/JPY is my preferred play here intraday, although it’s unlikely to break much outside of a 120/121 holding range for now.
- NZD/CAD: Only joking
Not touching that money pit!
Good luck today.
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