USD/JPY (+87)

it is obvious that USD had huge gains lately against most currencies, and the most obvious exception was JPY. Flight to safety of JPY was obvious in the other pairs, but if we looking for the king/queen of currency safety it is JPY. Recovery from the JPY gains is not going good for the USD, so recent formation of "rounding" top could be taken as opportunity to sell the pair. In addition, indicators are showing divergence in the price, as well as Fib. retracement (50% of recent highs/low at 91.47) Stops should start above 91.90 and targets should start at 90.60 and below.

GBP/USD (+82)

for a while now GBP is unable to break the resistance of 1.4600 and close above it. As we getting into US session and for many of the traders it means end of the month, volatility is expected to increase. In addition we have divergence that is shown in slow stochastic indicator and some others, so it gives opportunity for a short position with very small risk and resistance point clearly defined above 1.4600. Stops should be placed considerably above it in regards to the spikes. It is expected for traders not to take risk on the last trading day of the month (US- memorial day Monday). Targets should start at 1.4500 and below.

AUD/JPY (-95)

with risk aversion being present at the markets, and recent bounce in many of the pairs should serve as another opportunity to sell risk/commodities currencies. Australian dollar reached the highs of 74.65 and it is showing the signs that is running out of steam(out of buyers), relief rally in Europe is not showing willingness to go any higher after only 2% gains on average (FTSE,DAX,CAC), and Greece not bouncing at all (dead cat, for now). Resistance points are 21.6% fib. retracements (87.96 - 71.88) and 75.50 as the top of the Chanel, should serve as points of resistance and stops should start above them in case of bigger rebound and targets should start at 73.00 and bellow.

AUD/USD (+142)

Aussie unable to break above RSI or above 50 Simple Moving Average is giving signs again that another round of AUD selling is on it's way. Dow Jones and S&P are indicating negative opening what is going in a favor of selling Aussie against USD. Stops should be placed just above recent highs and targets should start at bellow 0.8160.

EUR/USD (+103)

with euro unable to move above 1.2440 it serves us as a resistance point. Move lower is expected,but one has to be careful about "short squeeze" what would not be suprising move on the current motions of the markets, but one should use every opportunity to sell the Euro. Stops should be placed just above the recent highs 1.2440 and first targets should be placed bellow 1.2300

USD/NOK (+1026, pip value 0.17, actual +171 )

just couple of days after the Norges bank raised it's interest by 0.25% to 2.00% pair moved sharply higher against the high yielder as it is understandable in "risk aversion" mode. Now that risk is receding in intensity it is expected for the pair to move sharply lower, because there is no many people that believe that USD raised in value after Norges bank just raising it's outlook for the future. Stop should be placed well above recent highs and first targets should be placed just above 6.1000

AUD/NZD (+117)

after couple of days of losses on almost all markets, today European trading session shows unwillingness to sell more. Biggest gainers in currency market were USD &JPY, what is not surprising, and among the biggest losers was AUD. If European gains are here to stay and currently US futures are indicating on higher opening it is reasonable to believe that aud/nzd uptrend will continue with big upside. In case of more lossses of the markets around the world stop is relatively small. Slow Stochastic are indicating a reversal on 61.8% of fib. retracemnt. Stops should start below 61.8% fib retracement and targets should start at 1.2600