Finally some proper volatility and it’s most welcome.
USD/JPy has cleared offers and tech resistance at 102.70/80 to a high of 102.87 and we’ve broken back above the old Feb support line.
USD/JPY Daily chart 30 07 2014
USD/CHF is still trying to make meaningful inroads into 0.9100but we have broken above the May 2010 downtrend.
USD/CHF Weekly chart 30 07 2014
There’s some interesting tech convergence above at 0.9170 as the 100 and 200 wma’s meet with the former Feb 201 support line and that could mark an exhaustion point for today, depending on the moves into the FOMC.