EUR crosses/FXWW News/GBP crosses/Trade Ideas

GBP and EUR having a short vacation

  • Very little movement in either overnight;
  • I’ve reduced my long position in GBP/USD as the short-term signals feel slightly bearish to me;
  • EUR/JPY rejected 140 pretty unequivocally and this cross could hold the key to short-term EUR moves.

I can’t see much point in having any major risk on either GBP or EUR at the moment, best to wait for opportunities to emerge.

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