Trading ranges contained still
Tuesday 26 June 2018
After yesterday's equity-led wobble in risk sentiment we've seen a little more stability since and tight trading ranges.
GBPUSD failed around 1.3300 again and has fallen back to look at 1.3250 where we have large option contract interest today and should keep the range contained.Immediate support/buying there then 1.3230 and 1.3200. Sellers around 1.3300 still then 1.3320 and 1.3350-60. Pound rally sellers should still prevail overall with Brexit and UK government turmoil never far from the headlines but we're going nowhere in a hurry for the moment.
EURGBP has been up to test the 0.8820-30 sell interest (GBPUSD down to 1.1335).Buyers poised at 0.8780 still, 0.8750 and larger between 0.8720-30.Sellers still between 0.8820-30 then 0.8850.
EURUSD rallied to look at 1.1720 helped by some EURJPY and EURCHF dip demand along with the EURGBP buying. Buyers now around 1.1650 then 1.1620 and 1.1600. Sellers initially around 1.1700 then 1.1725-30 and 1.1750.
USDJPY has held the 109.30 support again. Buyers still lurking down there and 109.00 then 108.80. Sellers around 109.80 then 110.00 and 110.20-30. USDCHF remains steady with EURCHF finding contained too.
The Aussie, NZ and Canadian $ have all found a few sellers again with the Aussie $ suffering from some Chinese equity market fallout. AUDUSD has buyers around 0.7380 and 0.7350. Sellers now into 0.7425-30 and 0.7450. USDCAD buyers at 1.3250 still then 1.3230 and 1.3200. Sellers around 1.3320 again then 1.3350.
Uncertain markets prevailing still so get your orders in to take full advantage of the currently limited moves.
Have a good day out there one and all.
Interbank Rate 08.40 BST GBPUSD 1.3277 EURUSD 1.1651 EURGBP 0.8802 GBPEUR 1.1361 USDJPY 109.62 USDCAD 1.3299 USDCHF 0.9884 GBPAUD 1.7927 GBPCAD 1.7642 GBPCHF 1.3113 GBPZAR 17.9923 GBPHKD 10.2937 EURHKD 9.0613