• The daily chart is still in a sideways pattern with scope for a move towards 99.50 (see chart);
  • Some of the Yen crosses like AUD/JPY and EUR/JPY are nearing technical resistance levels;
  • The market is still reporting some very large long positions amongst professional players but they have been very patient and resiliant;
  • Range trading likely between 98.00/99.50 over coming days.