GBP Trading Outlook
ORDERS & FLOWS: AUD/JPY buying by leveraged accounts was the main flow of note yesterday. AUD/NZD stops above 1.1550, getting heavier above 1.1600.
ORDERS & FLOWS: AUD/USD bids are expected to be very heavy near .9050 where Sovereign buyers are reported.
ORDERS & FLOWS: Stop-loss buy orders reported above .9240 in AUD/USD. AUD/NZD sell orders 1.1500/50.
ORDERS & FLOWS: Market short positioning as of last Tuesday was at a 3-year record high according to latest CMM reports.
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