Look for USD strength to continue in coming sessions
- USD/JPY is set on challenging recent trend highs at 103.70;
- Cable looks overbought to me in shortish-term and could be ripe for a retracement;
- EUR/USD has put in an interim top at 1.3625, a 61.8% retracement level, and this could signal that a down-trend is beginning?
Lots of unknowns as usual but after a long phase of cross trading, we may be about to see the focus return to the Greenback. The safest play (if there is such a thing) is to play EUR/USD from the short-side keeping strategy stops clearly above 1.3650.