Danske Research Team
Danske Bank A/S
Majors
EUR/USD: SELL AT 1.3430 FOR 1.3295 STOP AT 1.3490
USD/JPY: BUY AT 101.75 FOR 102.64 OBJECTIVE, STOP 101.48
GBP/USD: SHORT AT 1.6862 FOR 1.6693; STOP AT 1.6832
USD/CHF: LONG AT .8909 FOR REVISED .9156; REVISED STOP AT .9028
AUD/USD: SHORT AT .9278 FOR .9203; STOP AT .9308
USD/CAD: LONG AT 1.0915 FOR REVISED 1.1027 REVISED STOP AT 1.0895
Crosses
EUR/JPY: BUY AT 136.42 FOR 137.71 OBJECTIVE, STOP 135.69
EUR/GBP: BUY AT .7955 FOR .8082 STOP AT .7900
EUR/CHF: LOOK TO SELL
EUR/CAD: LONG AT 1.4590 FOR 1.4835; REVISE STOP AT 1.4580
GBP/JPY: SELL AT 171.75 FOR 169.50, STOP AT 172.70
NZD/USD: SHORT AT .8490 FOR .8343; STOP AT .8540
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Editors’ Picks
EUR/USD flirts with daily tops near 1.0730
The continuation of the selling pressure in the Greenback now lends further oxygen to the risk complex, encouraging EUR/USD to revisit the area of daily highs near 1.0730.
USD/JPY looks stable around 156.50 as suspicious intervention lingers
USD/JPY remains well on the defensive in the mid-156.00s albeit off daily lows, as market participants continue to digest the still-unconfirmed FX intervention by the Japanese MoF earlier in the Asian session.
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