Danske Research Team
Danske Bank A/S
Majors
EUR/USD: SHORT AT 1.3184 FOR 1.3066, REVISE STOP AT 1.3226
USD/JPY: LONG AT 103.54 FOR REVISED 105.45; REVISE STOP AT 103.42
GBP/USD: LOOK TO SELL
USD/CHF: LONG AT .9121 FOR .9226 OBJECTIVE, REVISED STOP .9122
AUD/USD: LONG AT .9345 FOR .9480; STOP AT .9295
USD/CAD: LONG AT 1.0857 FOR 1.1053 STOP AT 1.0795
Crosses
EUR/JPY: SHORT AT 137.10 FOR REVISED 135.99; REVISED STOP AT 137.31
EUR/GBP: POSSIBLY SELL
EUR/CHF: LOOK TO SELL FOR 1.2030/1.2006
EUR/CAD: SHORT AT 1.4340 FOR 1.4165 STOP AT 1.4405
GBP/JPY: LONG AT 171.95 FOR 173.50, STOP AT 171.50
NZD/USD: SHORT AT .8400 FOR .8282; STOP AT .8440
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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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