EUR/USD: Stay flexible and keep it tight but with a preference to be short overall. Selling at 1.2750 with a stop at 1.2800, for 1.2650. Flows are mixed with no clear direction and volumes on the low side.
GBP/USD: The pair remains a sell above 1.6150 and ahead of 1.6200. Buy the cross at yesterday’s low. With the local data calendar empty this week, Sterling will be driven by market peers.
USD/JPY: Stay long USDJPY but be flexible intraday and trade according to risk sentiment. Play the 107.50-108.50 range in the pair.
AUD/USD: Be patient to establish fresh shorts at better levels of 0.8890-0.8950 with stops above 0.9025.
UBS