- EUR/GBP is edging below previous daily lows near .8290 and the bear trend is picking up some momentum;
- EUR/JPY is opening right on important technical resistance at 139.20. We had a marginal break above on Friday but the failure to put in a weekly close above does suggest that the bulls are lacking a bit in momentum;
- Cable offers were reportedly heavy on Friday night on the approach to 1.6400;
- AUD/USD technical support in form of 76.4% retracement at .9060 has basically held firm so we could see a reduction in AUD shorts ahead of the RBA tomorrow and NFP on Friday.
Good luck this week.