GBP Trading Outlook
Most of the big stop-loss sell orders seem to have been done already in pairs like AUD/USD and EUR/AUD. Modest bids are reported at .9200 this morning.
Plenty of stop-loss sell orders are being reported below .9270. Prime broker reports suggest that the professional trading market is short of AUD/USD but probably comfortably so at present.
Talk of sizeable stops above 94.50 in AUD/JPY but otherwise the ‘orders’ grapevine is quiet. Decent bids in USD/CAD at 1.0450 also worth watching.
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