GBP Trading Outlook
ORDERS & FLOWS: Decent sized bids now at .9100/20 should be strong enough to hold today, unless of course AUD/JPY goes ballistic! Macro funds are still reportedly booking profits in EUR/AUD, selling rallies towards 1.4300/50, and this should give the AUD some support.
ORDERS & FLOWS: The big bids ahead of .9000 deterred the bears from having another crack lower yesterday and trailing stops are reported to be very large now above .9275. AUD buying against the EUR has been the other factor of note in overnight trade.
Go to The Sterling (GBP) Archive