USD/JPY and EUR/JPY are closing the NY session at their support levels of 93.75 and 125.50 respectively. There was a marginal break below both but we can consider them to be still intact. The AUD/USD has built on the gains made after the RBA yesterday and I have cut my short position as more gains look possible. The other pair which I’m paying close attention to is EUR/GBP and the break below .8800 is certainly a significant one. I’m looking to sell rallies there for a 5% move lower.
Good luck today.
