All ranging still as another week closes
Friday 25 June 2021
Yesterday's BOE went per my warning "Anything less than hawkish should send the Pound lower but as always we need to see what's been factored in at the time". I hope the steer helped. I know some of you dealt ahead of the move, and after, to good advantage.
US Durable Goods and PCE data duly kept the inflation talk across the pond buzzing still and Fed speakers added to the mix.
USD and risk sentiment remains variable meanwhile and patience and discipline are key of course and not being greedy, as ever. I hope you're making the most of these good moves whatever your bias.
GBPUSD: A decent drop after BOE but bids at 1.3900 then 1.3880 duly holding and pips banked per my tweet. I remain a rally seller but still expecting dip demand. Keeping an eye on EURGBP and GBPJPY as always.EURGBP: Rallies capped into 0.8600 post-BOE but support into 0l.8560 now.GBPJPY: A decent retreat post-BOE but holding at 153.80 after the break of decent 154.00 support line per my tweets.
I remain a GBP rally seller across the pairs but being patient as the new week reveals itself. Risk to the downside though still overal
EURUSD: Finding support at 1.1925 now per the order board but sellers poised still in tight range. Options in play today too. USDJPY: Finding support now at 110.70 but sellers , including me, poised around 111.00.EURJPY: 132.00 forming a good base still but sellers prevailing at 132.50 now.USDCHF: Underpinned at 0.9150 still as EURUSD cappe with the SNB ever vigilant but sellers at 0.9180-85 now.EURCHF: Holding 1.0940 still with SNB shadow/help ever present but sellers poised into 1.0980 still.
AUDUSD: Finding sellers like me into 0.7600 still but decent support now at 0.7580. USDCAD: Strong support line at 1.2280 now after rally failure into 1.2340. Oil and CADJPY plays still notable.
Let's continue to be careful out there in all things. Staying safe must be our main priority still. Have a good week-end everyone
Interbank rates: 08.50 BST