The USD instruments are range bound right now.
Clearly there has been some movement, however moving averages are not much use in these type of conditions.
The Yen pairs are still looking bearish, however before I can trade them; I need a decent pull back before a cross back down with the trend.
There is some better news out today and tomorrow, so there is still a chance we may get a strategy trade before the weeks out. http://www.forexfactory.com/calendar.php
If not then I will wait patiently until a trade is offered up, with good risk reward.
August, Christmas and Easter have been like this in the past and then things pick up a week or so after the holidays.
Charts below.
Euro / USD
Cable
USD / Swiss
Kiwi
I will post again as soon as a strategy trade sets up
Hope you are having a good week
Regards
Scott
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