Here’s what I’m thinking. It’s Christmas Eve so we either get a totally boring day where nothing happens or else we get a really sharp move somewhere. EUR/USD looks to me to be a short-term sideways consolidation which will eventually break lower again and USD/JPY has also a bearish feel as bulls start to give up. Therefore there’s a chance that EUR/JPY might break lower and if it gets below support at 108.25, I’m guessing that the selloff might gather serious momentum. Both EUR/USD and EUR/JPY are currently working through some oversold momentum readings but when that’s done, this pair might be worth a short? On the other hand, it is Christmas Eve so perhaps we should just put our feet up

:)