• From 124.50 on Friday last, to 121.50, to 124.00, to 122.00, to 124.50 and back to 122.30. EUR/JPY has closed its gap and is feeling very bearish indeed.
  • EUR crosses are generally heavy with GBP, AUD and NZD all making decent gains.
  • NZD/USD looks technically strong with a basing formation now on the short-term charts.
  • AUD/NZD might be about to turn lower with the AUD/USD still lacking overall momentum and trading sideways.
  • Cable triggered trailing stops above 1.5200 but ran into heavy offers just above. Looks like a range trade proposition for coming sessions.
  • USD/JPY is vulnerable to more downside corrections I think, with big hedge funds still booking profits on any rallies deep onto the 95 handle. This supply will eventually take its toll imho.