It's a decent start to the trading day vol wise and EUR/GBP has plunged to new lows at 0.7340 before bouncing back to 0.7356
The Greek news has been the main driver and the comments from Austria have helped the euro fall. I mentioned that the the tech around the 200 mma and trendline would be at the mercy of the Greek headlines and so that has been the case. Overnight we held just below the tech and so look to those levels to become decent resistance. Of course there's still a risk from further headlines and the Eurogroup meeting later
EUR/GBP h4 chart
In the dollar, USD/JPY has fallen to 118.61 with minor support showing at 118.50/55 then at 118.40/45
USD/JPY H4 chart
There's not really a key driver right now but we're looking quite volatile out there so take care.