The clean downward momentum has been broken with good support being seen just above the 102.00 area, JPY is due a break from the bull run that has dominated this pair and moves to 111.00 - 112.00 are not out of the question
Lack of action expected from the ECB shold see the current Euro malaise subside and give some room for upside, further helped here with the realisation that recent positive UK data hasn't changed the long term consequence of Brexit
AUDNZD continued lower having failed to break on it's NFP move higher and is currently hovering above the RBA interest rate cut low, NFP today could give it some life but next weeks RBA will be more likely the next catalyst. A break below the 1.0320 area opens up potential move toward the 2015 low just above the parity level, if we see a dovish RBA next week we...
The break below the 1315 area indicates that a leg lower is underway with possible move back to 1250, NFP up later today will be the main decider for the next move, a break of 1300 should see a more sustained move lower
NZDCAD currently testing the high of the ascending triangle and heading toward the 2014 high of 0.9640 a break above which could see substantial gains in this pair
We have fundamental support in the poorer data coming out of Canada against an increasingly positive story out of New Zealand as well as CAD's continued relationship with bearish oil prices.
The current rally in GBPJPY looks over extended and we could see a move back to the 100 HR MA on a failure to hold above 135.20 area - longer term this is still bullish with 140.00, on break above 136.00, possible in a pair that once it motors can really move
Using something different for my entry, see how it works..
bullish bias present either way, broken downward move and seeing JPY weakness coming into multiple pairs so a move to 117 or even 120 is not out of the question