GBP Trading Outlook (16-05-2013)

ORDERS & FLOWS: Very solid bids in the AUD/USD at .9850 are yet to be tested properly and there are stop-loss sell orders reported below .9840. Sell orders were seen overnight at .9920 with tight trailing stops also reported above .9935/40. Stop-loss buy orders are still being reported above 102.00 in AUD/JPY.

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