After setting new lows for the week early in the session, we have seen some ground recovered as the EURO, Cable and AUD all try and head higher. The EURUSD has bounced off the 1.2730/40 level for the past 2 hours and looks like working its way back towards the 1.2800 level.
All in all not a great deal going on with EURJPY still hovering precariously above its lows for the day. Until EURJPY recaptures the all important 120.00 level it risks a retest of 114.30.
