With a Risk On board the wheels are coming off several trades.
Yen…is trying to top after retesting 97.00 Futures.
Lower yen is typically Risk ON.
GC/EURO
GC/Swiss Franc..
I’m a little surprised that the Oil is not higher. July expire today making the price action pretty much irrelevant. The game starts up again tomorrow.
GBP/USD…is trading above it’s 200DMA @ 146.83. Holding over this level is price positive.
GBP/JPY…is trading into 50% Fib resistance for this recent swing raising the prospect of the Yen not putting in an ORL.
This screams DON”T CHASE direction in pretty much everything this A.M.