GBP Trading Outlook
Strong bids reported yesterday .9410/20, likely Sovereign interest, and I’m presuming that these orders are still live.
Strong bids reported .9410/20, likely Sovereign interest. We can also expect there to be plenty of sellers near .9520/30 and trailing stop-loss buy orders above .9535.
Plenty of large flows reported on the crosses yesterday with a definite sell bias across the board. Good bids reported around .9410.
Real money funds expected to buy AUD/USD near .9550 with more bids reported near .9535. I think it’s also very likely that there will be trailing stops in reasonable size below .9510 but I have no confirmation.
Real money funds expected to buy AUD/USD near .9550. Macro funds reportedly selling above .9675.
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