US stocks have gone green with the S&P now up 3 at 1941
USD/JPY has taken another little leg up tp 102.24, nudging its way above the 55 & 100 dma’s. The broken Feb 2014 support may show some resistance otherwise it’s the old 102.70 level that we need to watch.
USD/JPY daily chart 17 06 2014
GBP/USD is looking to recover from the CPI dip as well and so is EUR/USD, although with less gusto.
At the moment is seems that shorts are finding it hard work fighting the bulls.
“See ya shorts”