EUR/USD at new lows of 1.2422 and cable now edges lower to 1.1856 from 1.5879

USD/JPY holding up at 114.80 as USD/CHF makes a new high at 0.9679

AUD and NZD are getting that wilting feeling once again as they make new lows at 0.8622 and 0.7750.

Friday’s afternoon trading points more an more to a profit run and bulls are picking up the baton once again. USD/JPY still needs to crack the 115.50/60 level or we’ll be back ranging.

USD/JPY H1 chart 10 11 2014

USD/JPY H1 chart 10 11 2014

Look for mild support to come in initially at 114.60, then at 114.35/40. Resistance is likely to be stronger at 115.00