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Another positive start

USD
  • Another positive start for the US, taking its cue from higher US Yields, trading in the green against all the majors and leading against the SEK, up 0.49%.
  • The move in Cable, pushing to session low on the back of the Dollar is spilling over into GBP weakness against the EUR and JPY.
  • Support in Cable is at 1.2401 initially.
  • USDJPY breaks a new high, and next immediate resistance will be at 141.61 High Nov 23 2022.
  • A clear break through the latter, sees 140.93, the May and 2023 high, and also the highest print since November.

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