The market sure was slow yesterday. Having said that, we’re likely to see a little more as we go into the weekend. I would imagine that the Asian centre is going to be slow going.
Most likely we shall see a (Dollar bullish) pullback which does seem to have been left from Wednesday’s general lows. However, there is an exception – that’s GBP/USD which hasn’t yet completed the Wave v. Perhaps the other pairs may follow suit – but it’s not set in stone. Let’s just say that there are risks on both sides. However, over the day I do expect a Dollar pullback in USD/JPY. I’m divided in USD/CHF – it could go either way.
EUR/USD – most likely gains from the start because there isn’t much room on the downside. I wouldn’t be surprised that the sideways move continues. Perhaps once GBP/USD has completed the Wave v, we should see the pullback higher.
If there is any early break below Wednesday’s lows, we’re more likely to suggest an expanded flat.
EUR/JPY… will likely see a pullback in a Wave b/iii while AUD/USD – over the day – should head lower…