GBP Trading Outlook
ORDERS & FLOWS: The main thing to look for is the Sovereign buying interest in AUD/USD around .9800. This started yesterday in London at .9830 and has been regularly appearing on the bid every 5/10 pips.
ORDERS & FLOWS: Very solid bids in the AUD/USD at .9850 are yet to be tested properly and there are stop-loss sell orders reported below .9840. Sell orders were seen overnight at .9920 with tight trailing stops also reported above .9935/40. Stop-loss buy orders are still being reported above 102.00 in AUD/JPY.
ORDERS & FLOWS: Local dealers report some decent buying interest in the AUD/USD near .9850 which should be difficult to breach. There is still talk of large AUD/JPY stops above 102.00.
ORDERS & FLOWS: Not a lot of heavy turnover yesterday with the big players sitting on the sidelines. The big prime brokers report an increase in speculative short positioning although overall positions are still relatively small. There are reports of some pending buy-flows in AUD/JPY which might impact around the time of today’s Tokyo fix.
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