EUR: The single currency jumped in part due to stop-hunting, stop orders above 1.3400-10 were tripped, however, offers are still seen at 1.3450 with more stops placed above 1.3455-60, more selling interest is seen at 1.3470-80 and further out at 1.3495-05 (stops above), mixture of offers and stops is located at 1.3550. On the downside, some bids are expected at 1.3400, 1.3380 and 1.3360, more buy orders are reported at 1.3330-50 area and further out at 1.3290-10 region, fresh demand should emerge around 1.3260-70, followed by some stops below 1.3240-50.
GBP: The British pound dropped sharply in London on lower inflation data, stops at 1.5940 and 1.5890-00 were tripped, however, cable found support just above indicated good bids at 1.5850 and has rebounded. At the moment, offers are noted at 1.5915-20 and 1.5950-55 (stops above 1.5960), more sell orders are tipped at 1.5975, 1.5990-00 and 1.6025, fresh offers should emerge around 1.6040-50, 1.6065 and 1.6080. On the downside, bids are now seen at 1.5870 and 1.5890-00, mixture of bids and stops is located at 1.5840-50, fresh demand should emerge further out at 1.5825 and 1.5800.
CHF: Dollar ran into heavy offers just above 0.9220 and slipped from there on another round of long liquidation, bids at 0.9190-95 and 0.9165-70 were filled, however, buy orders are still seen at 0.9140-50 (stops below 0.9130) and 0.9100-10 with stops placed below 0.9090. On the upside, offers are lowered to 0.9190-00 and in good size at 0.9220-35 as well as 0.9250, mixture of offers and stops remains at 0.9255-60, selling interest is seen at 0.9280-00 area (stops above).
JPY: The greenback maintained a firm undertone in part due to cross-selling in yen, however, selling interest is still seen ahead of option barrier at 100.00 (more stops above figure), some stop buy orders are reported at 100.10, sell orders are expected at 100.25-35 and 100.50 (another barrier). On the downside, bids remain at 99.50-60, 99.20-30 and 98.90-00, more buy orders are tipped at 98.70 and further out at 98.50 as well as 98.30.
GBP: The British pound dropped sharply in London on lower inflation data, stops at 1.5940 and 1.5890-00 were tripped, however, cable found support just above indicated good bids at 1.5850 and has rebounded. At the moment, offers are noted at 1.5915-20 and 1.5950-55 (stops above 1.5960), more sell orders are tipped at 1.5975, 1.5990-00 and 1.6025, fresh offers should emerge around 1.6040-50, 1.6065 and 1.6080. On the downside, bids are now seen at 1.5870 and 1.5890-00, mixture of bids and stops is located at 1.5840-50, fresh demand should emerge further out at 1.5825 and 1.5800.
CHF: Dollar ran into heavy offers just above 0.9220 and slipped from there on another round of long liquidation, bids at 0.9190-95 and 0.9165-70 were filled, however, buy orders are still seen at 0.9140-50 (stops below 0.9130) and 0.9100-10 with stops placed below 0.9090. On the upside, offers are lowered to 0.9190-00 and in good size at 0.9220-35 as well as 0.9250, mixture of offers and stops remains at 0.9255-60, selling interest is seen at 0.9280-00 area (stops above).
JPY: The greenback maintained a firm undertone in part due to cross-selling in yen, however, selling interest is still seen ahead of option barrier at 100.00 (more stops above figure), some stop buy orders are reported at 100.10, sell orders are expected at 100.25-35 and 100.50 (another barrier). On the downside, bids remain at 99.50-60, 99.20-30 and 98.90-00, more buy orders are tipped at 98.70 and further out at 98.50 as well as 98.30.
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