We can expect more choppy illiquid trade for the next two days although the market is returning to almost full-strength today (Japan still closed).

My New Year’s resolutions are firstly, to try not slumping in my chair all the time, and secondly to try and exhibit some patience and wait for my levels to be reached; both of which are much harder than they sound 🙁

The trades I favour today are buying dips in cable (anything near 1.6200) and/or trying to pick a top in USD/JPY if 87.60 is tested and holds again but I’ll go into these in more details in next few hours.