Stops still lurking in the majors

Lots of stops still in the EUR/USD with longs hoping that the 1.4150 level can hold firm again. The selling is particularly heavy below 1.4100 and if 1.40 should break, then we might see a complete capitulation according to one dealer. USD/JPY sees more stops above 98.00 and even heavier again above 98.50 but we can expect some option activity ahead of each level so neither will give way easily.

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