Glad to be back. The gastro-enteritis has resolved. Sunday is always a lazy day to post. The last NY close was 2 days ago. Can't get tables to work with Blogger so dialogue instead.
USDJPY: flashing SELL
Grossly overbought as you would expect for a pair in an up channel and at the top of that channel. This doesn't mean USDJPY won't go higher, it means however it could reverse very rapidly intra-day. If you take a sell signal, things could move very quickly. Check the bid levels below because there will be a number of players trying to get in on the retracement.
EURUSD: flashing FLAT
Consolidating in a down leg. Leave the Euro during Monday.
USDCHF: flashing FLAT
Remember the 95% negative correlation between the Euro and Swissie is only true over time. Grossly overbought (more than Yen) as you would expect for a pair in an up channel and having just poked out of the top of that channel. This doesn't mean USDCHF won't go higher, it means however it could reverse very rapidly intra-day. No sell bias for Monday - leave well alone.
