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.