Trader sentiment still solidly USD-bullish
USD/JPY has threatened on a few occasions recently to break below its consolidation range but after all attempts failed, it’s now trying to break upwards and re-invigorate the bull trend. It doesn’t feel to have enough momentum, especially with risk-sentiment a bit soft, and I will try selling rallies towards 120 with tight-ish strategy stops.
The EUR keeps getting hit on all sides by bearish news, be it out of Greece or the Ukraine. The EUR/USD market is short but certainly seems happy to stay that way.
AUD/USD needs to break below .7720 to break the potential basing formation and only a break above .7860 will ease the downward pressure.
Overall market sentiment remains solidly USD bullish and seems likely to stay that way, barring any stray black swans.