Hi

Wall Street is certainly making a surprise move higher which is bringing USD sellers to the market for the time being.

CABLE is at resistance now (break of channel) and 4hr 20ma. Arguably a few sellers of GBPUSD will be interested at this level but i wont get back involved again until we see a BSX to the south side. The trend remains down for now and i remain looking for shorts below the 4hr MAs.

EURUSD – I will remain short below the WP and 4hr 20ma. It seems the only support holding this currency up is the 4hr 50ma. Looking for a break of this MA at some point soon.

AUDUSD – I am stil interested in this and will look to short back below the MAs.

Thanks
Dan