GS: G10 FX – LONDON SPOT TRADER VIEWS
OVERVIEW => Ahead of events later this week, we maintain our conservative stance (less than 25% of maximum risk) and hold on to our long USD position mainly vs EUR.
{EU} EURUSD Lower => We maintain our moderate positioning here and prefer to be flexible on the lookout for short term opportunities. Key levels for the session: resistance at 1.0927 and then 1.0950, with support back towards 1.0820 and 1.0780-85.
{GB} GBPUSD Lower => The break of 1.52 opens up decent space on the upside without major resistance levels. Key technical levels: resistance now around 1.5315 with little notable points above, and support back at 1.5170-80.
{JN} USDJPY Lower=> We maintain our bias to be short at these levels, with technical levels to watch: support at 118.75-80, then 118.50 and 118.00, while on the topside resistance at the 119.40-50 area.