EUR/USD has broken above 1.3400, cable is steady above previous resistance at 1.5470 and the AUD/USD is also 20 pips higher this morning and feeling ‘bid’. I tend to trust my instincts- I cut my short cable position this morning and I think we may be in for a move higher in the above theree pairs. What happens in USD/JPY will depend on the JPY crosses as usual.