Same old, same old… biggest issue yesterday was extreme EURO weakness as opposed to USD strength which interfered with cable trades but all in all we are still in range > big theme for today will also be JPY flows, so keeping that in mind for overall impact on set-ups.
- EURUSD > bearish, naturally focused on break of 3350s and looking to re-enter shorts on bounces.
- GBPUSD > still unable to mount a meaningful attack of 53s until that remains the case, all attempts offer a good risk reward for short entries with tight stops.
- USDJPY > no change, bullish, tightening swing but still some build opportunities for some of the more aggressive traders.
Keep it tight 😉