· Asia remains quiet with very little movement and no real data for the day, trading broadly higher to test the 1.1250 levels from the unchanged opening the Euro struggled on its highs and has remained below the level for the move into the London session, Topside offers through the 1.1280 areas are likely to continue through to the 1.11320 areas before likely weakness appears through that level however, the congestive offers are likely to reappear from the 1.1340 areas and increase on any attempt at the 1.1360 areas, stops are likely through the level and these will probably run into the stronger 1.1380-1.1400 areas offers, some light offers beyond there with a possibility of stronger stops on a move through the 1.1410 areas. Downside bids through the 1.1200 areas and extending possibly to the 1.1180 areas, even through the area the bids are likely to increase a little on a dip into the 1.1160-40 areas with congestive bids likely through those areas into 1.1100.
A very quiet session for the Cable with the market trading for the day around the 1.3270 levels with very little deviation, Topside offers through to the 1.3340-50 areas possible weak stops and a move towards the 1.3400 areas and then stronger offers likely to be seen on a move through the level, Downside bids around the current level with weak stops on a push through the 1.3200 areas opening the downside stronger 1.3150 areas for a test.
USDJPY opened a little lower and traded in a reasonably narrow range through the session around the 102.50 levels with one early Tokyo test to the 102.30 levels being reversed and then holding in a tighter pattern, Topside offers through the 102.80 level likely to extend through the 103.00-10 areas before weak stops appear, from there the market is likely to see congestive offers over the next big figure with possibly stronger offers from 104. Downside bids light through to the 102.00 areas and then likely to continue lightly through the level on any move back into the 101.00 areas, bottom picking types likely to increase on a move through the level and the possibility of rhetoric on a deeper move expected.
Very quiet with the Oz dipping through the lows from Friday and testing into the 0.7520 areas before holding just belong the 0.7540 opening areas for the move into the London session, Topside offers a little weak through to the 0.7640-60 areas where there is likely to be stronger offers with weaker offers into the 0.7700 areas if the market could make the move, Downside bids light through the 75 cent levels however, through the level there is likely to be stronger bids between that 75 cent level and 0.7450 with weak stops likely on a deeper move through the 0.7420 areas.
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