The Pound has outperformed the Euro
for some time now and looks to consolidate into the new year. Conversely EurGbp
is looking mighty oversold which suggests that euro
strength will continue. EJ
is still an excellent buy over GJ with room to run into the 1.45 area. Keep adding longs and make sure to set stops appropriately coz if capital markets come off (and we are certainly due a healthy retracement) then yen pairs are gonna tank.