We may see a position shake-out of sorts. We want to be patient as that trend is something that has much more upside.

We will watch those daily candles and look for divergence to form before we BUY CROSS JPY.

For now, there seems to be a hint or RISK OFF in markets.

We remain LONG EURCAD as that has formed a nice bottom

In addition, we remain LONG EURUSD. We feel the market is collectively SHORT EURUSD and feels like we may see a SQUEEZE higher.

USDJPY is also a very crowded trade. We will look at levels there, but not involved currently. It is possible we revisit the 110.00 zone