The EURJPY made a new bottom today and then went up sharply. A few days ago I mentioned that there could be some lack of supply in this pair and this might very well be the confirmation of that. First a little trap to catch the bears with the new bottom and then full blast up. I got caught myself but I’m still slightly up in it.

The GBPAUD started up and then went mostly down during the day. It is still up for the day since it took a major jump up at the opening. The volume is average so not much to read from it. It’s an up-day from a rather low level, but despite that the move has no momentum and it falls back. It still looks bearish in my opinion.

The EURUSD had another low volume up-day and should be dipping down soon.
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