EUR/GBP bounced a bit more for the Thursday session as the hammer from the Wednesday session was triggered as a buy signal. The pair looks like it is ready to bounce a bit more, and a move up wouldn't surprise us at all. However, this move will more than likely just offer yet another great shorting opportunity in the near future.
The EUR/JPY was weaker, and this makes sense as the Yen is favored. The candle for the session was breaking into the supportive hammer from the late part of May, and we think that any bonce should be sold. It appears that the 95 handle is calling.
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