We are coming to the end of the trading week, Asian markets are closed, and Europe is now closing. As such we will very likely lose momentum, and do so at a point that has the major pairs sitting in the middle of the day's range, and inside the previous session ranges.

This is all happening on extremely light volume today, and as such we need to accept that what we are looking right now at will stand us in great stead for next week. The question is whether we get involved in the week's close, or wait for high probability set-ups on increasing volume, with global market momentum; cash is an option, especially in the current environment covered above.