The market has been moving without any strong trends for so long it’s easy to lose sight of what it’s all about.

The trend is your friend

It’s the golden rule of trading axioms. Retail traders get crush by fading trends. In uptrends like the euro or yen crosses there are only two trades — long or on the sidelines.

The main chart to watch is EUR/JPY but I don’t see any reason to hit the panic button as long as 124.00 holds.