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  • Writer's pictureMike Paterson

Ranging still as another week gets underway

Monday 14 September 2020

Morning all and I hope you had a great week-end.

Busy start to my day with some 1-2-1 mentoring so will head straight into the summary.

Check my tweets for updates including the UK Parliament vote on IMB.

GBPUSD: Still fragile but holding 1.2780. Sellers between 1.2880-00

EURGBP: Underpinned at 0.9200 but sellers poised at 0.9250 and 0.9280 again.

I stay poised to sell GBP rallies as my preferred side and buy back in the dips as ever.  Patience continues to be a virtue and entry level key as always. I still expect to continue seeing dip demand though and we still need to be wary of this current move getting over-stretched and not get complacent.

USDJPY range now 105.80-106.30, a tad lower from the previous 106.00-50.

EURUSD: Contained between 1.1800-1.1900

USDCHF: In a range of 0.9050-0.9150. EURCHF 1.0750- 1.0800

AUDUSD: Underpinned  0.7250 but still finding rally sellers above 0.7300

USDCAD: Ranging 1.3150-1.3250 still

Markets are ever-fickle so don't forget to contact me if there's areas that you might need some further help with.

Let's continue to be careful out there in all things. Staying safe must be our main priority still.

Interbank rates:  09.40 BST

GBPUSD   1.2848

EURUSD   1.1882

EURGBP   0.9230

GBPEUR   1.0834

GBPAUD   1.7669

GBPCAD   1.6829

GBPJPY   136.18

GBPZAR   21.3926

GBPHKD   9.9611

USDJPY   105.98

USDZAR   16.6427

EURJPY   125.70

EURCHF   1.0764

EURHKD   9.1943

AUDUSD   0.7274

USDCAD   1.3172

USDCHF   0.9075

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