Travel Schedule

I am traveling into the rest of the week. Intermarket Insights will be updated less frequently than usual. The next trading update is due at approximately Monday 21:00 EST, 1:00 GMT (Tues), 2:00 BST (Tues).

I remain bearish USDJPY (as per the previous trade) despite the fact that 80.60 trendline support continues to hold. EURUSD at risk of retesting 1.4160s.

EURJPY extends downside but is now holding around the 200 dma. Any shorts best not to place limit (targets) below 113.50s).

Friday's oil short trade is working. We could see 93.50 later this week once the limits from Friday's trade are entirely done.

Ashraf