Ya gotta dump ‘em at the first sign of trouble. That’s the lesson learned by dollar bulls this morning. Here we sit, close to 1.4700, well back above 1.6200 in Cable (now at 1.6230). AUD has added a quick 40 pips.
Small stops are seen around 1.4720 in EUR/USD from intraday shorts while offers are eyed in the 1.4750/80 regions on strength.
USD/JPY should attract some buyers at the 91.60/70 level on pullbacks near-term. Stops from longs are eyed on a 91.60 break.