1.3250 exotic option barriers residing at 1.3250, with short date expiries and an investment bank name in the frame are under assault from antsy spot dealers that yearn for a topside range break. The barriers at 1.3250 are slated to be accompanied by stops at 1.3260, and the highest print was 1.3248 so far.
This seems to be a do or die effort ahead of the US Philly Fed data, and the question is simply who has the most ammo, or put another way the most to lose inter-bank or the US investment bank. Only time will tell, spot trades at 1.3246.
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