Yesterday's session was a bit mixed and we could be seeing further dollar gains over the next few days. Right now we're once again relying on the London session to guide price action and we will follow momentum. The EUR/JPY seems to have turned the corner and may be headed for a further retracement to 110.00 before looking for a reversal. The 113 level will be an important break to the top, if breached, could open up further room towards 116. If today's candle breaks above yesterdays high of 112.50 and manages to close above that figure, we will consider that a reversal and look for a long position.
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