Currencies

GBP/USD…is attempting an ORL day with a close below 165.18.
it is presently into near term support.

USD/CHF…is into support @ 90.25 (app 110.85 Futures)

EUR/JPY…is attempting an ORL day with a close below 144.50.

GBP/JPY…is attempting an ORL day with a close below 173.95.
This also put in a new 5 year high last night.

You’re seeing a heavy unwinding of last years “Short precious Metals/ Long the continental ( Euro,Swiss,Pounds) currencies” trade being unwound.

EUR/JPY & GBP/JPY are the instrument that holds the most interest for me. It’s been a one way train since July 2012.

A lot of money is coming off the table. This is not something to get in front of. This can turn into a very big correction.

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