A nice rally overnight above 80c, only to finish back under 79c…. technically a bearish candle. Today the moves have been governed by the jpy cross selling. Look for 7850 to act as a temporary base but traders are still looking at selling rallies. Range of 7850-7900 should see it out in Asia today. Under 7850, Im looking for my target of 7790 to be hit(as we mentioned the other day).