I will put some ideas forward on a few pairs shortly when I have garnered my thoughts.
Having watched for the last three hours and seen nothing of note.
The euro and cable have performed well in the last 24 hours both coming from the lows where good buying and optionality assisted both. Euro will continue to get strong support towards 1.3000 and similarly the well-touted cable levels of 1.5050 and 1.5000.
For the time being I think there may be some nervous shorts who may switch side if the risk-on view continues and we may see the topside tested.
USDJPY broke through the H4 levels I mentioned yesterday (I will post an update shortly) and the doubters from yesterday may be doubting their doubting if you get my drift….if you don’t fear not, it’s the lack of sleep !
