Down through 1.2 rapidly, very sharp move in the early going:
- 1.1864 low I’ve seen hit
- 1.1932 as I update the post
- Dealers citing stop loss selling (of course) as a catalyst.
- Liquidity thin (as it always is in Asia Monday morning) … exacerbates wild moves
More:
- Cable lower also, low has been 1.5176 (these are the lows I have)
- AUD 0.8065 low
- NZD 0.7670 low
