Very patchy liquidity this afternoon with mini liquidity bubbles causing small gaps. USD/JPY got everyone (including Muggins here) bullish near 100.80 and then promptly reverses by 100 pips! Like I’ve said plenty of times, if you like getting stopped out then you should be trading USD/JPY!
AUD/USD is back near .9200 and I really like the buy-dips play here and cable is also looking very constructive. After the Detroit bankruptcy I think USD bulls need to realise exactly what they are buying into.