It’s all about the JPY crosses

If you want to know where the EUR/USD is going in the next few hours, then watch what’s happening in EUR/JPY. Similarly with cable and GBP/JPY.

Personally I think that EUR/USD will run out of short term bullish momentum somewhere in the mid 1.29’s and that it will then fall back towards 1.2800 from there. But I have on occasion been wrong before

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