As the weekly reversal level has finally been taken out by the
Euro, there will be no G7 setups until next week on any of the pairs.
 
However, ANYTHING can happen today, as it is the end of the
week, and we might get sudden dramatic reversals on any
of the pairs. Trade at your peril, BUT there could be some
interesting opportunities:
 
Watch for a bounce on GBP at the current 5340 level. Watch the
Euro for a dramatic spike low – the weekly break lower to a new
12 month low looks suspiciously like a potential weekly “bully”
fake breakdown. JPY is still short for the week according to
the G7 rules, and we may be topping at the current level – although
I am not interested in JPY at the moment due to the recent
price action.