- USD/JPY will look toppish so long as the long-term Fibo at 105.50 continues to hold firm; a break below previous highs near 103.70 will likely cause further trimming of long positions.
- EUR/JPY is attempting to create a topping formation below 143.00.
- GBP/JPY needs to break below strong technical support at 170.00 in order to worry the bulls.
I’m not sure what to make of the Yen crosses at the moment so I’m staying on the sidelines. There will be intraday opportunities so I’m staying watchful.