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FOREX ORDER BOARD ON 05/02/2012- WEDNESDAY
 

ITEM. EUR/USD: There are trailing stop-loss orders below hourly support levels at 1.3200 which interbank traders are eyeing, though I’m also hearing that our Sovereign friends are on the bid at 1.3185/90.

GBP/USD: Offers 1.6220/15, tech resistance 1.6300/05, with weak USD, this pair may be spiked up to the top.

ITEM EUR/GBP: Not much action here, most probably a reverse action of gbp/usd will be taking place.

ITEM USD/JPY: was pushed down to 79.64 largely on AUD/JPY weight, but has found some reasonable support since with a rally to 79.89
ITEM EUR/JPY: Buy stops up through 107.10 and 107.50.  Talk of bids 106.50/60 and sovereign bids 106.15/20
ITEM USD/CHF: challenged the 0.9050 level, which reportedly held SNB bids but failed to really break significantly lower touching 0.9045
ITEM. AUD/USD: The bearish trendline exists, sell on rallies is the plan, a re-bound can also occur..

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