Euro Yen

Chart courtesy of Advanced Get. Data provided by eSignal.

The Euro Yen cross looks like it has a divergence forming but yesterday it produced a possible reversal. I am not long on this cross just yet but should it break the high resistance then it may become a buy. However, we are near a resistance and if this cross deals below yesterdays low then further downside is possible.

The Cable is still near the highs and to break the resistance it will need some GBP positive news or some USD bad news. We have Retail Sales News due out at 09.30 today.

Have a great weekend.