After a lackluster performance in the NZDUSD, the pair finally broke out of its congested area that I was looking for and has triggered my short entry position. Indeed, my overall bias for the pair has been to the downside for a couple of reasons. One being, the purchasing power parity now stands at 17.98 [...]

My short EUR/JPY hit both my targets of 110 and 108.07-6/7 low where I took profits. Downside risks remain to 100.00 which is where we may see ultimate support. However, the EUR/USD continue  to hold above the 20-Day SMA and if we see a return of risk appetite then both pairs could see a significant [...]