Getting ready back here in asia for another madness week. EURUSD has already exploded past 1.33 to open up 1.35 - 1.36. USDJPY has gone parabolic to test 80 and now on course to test 83 and in the process pulling up all yen crosses. Yen longs got damaged as they got ran over by a train. The short squeeze continues... Oil and commodities having rallied more than 10% for 6 weeks and look more explosive than fx and I expect them to keep rallying as the CBs keep flooding money in fear of a Greek debt fallout.

The volatility will be wild for some weeks and sticking to the trading rules and plans is highly advised if one's account is to survive the choppiness that Mr Market is about to unleash. Small accounts ($3000 and below) will be easily put on margin calls! Caution.

A new week with interesting movements already,

IDEA:

Watch EURJPY, AUDJPY & GBPJPY to move lower as the week starts, but will be watching for buy signals esp on EURJPY & AUDJPY,

CURRENT prices on above pairs good for aggressive shorts but not very advisable.

GOLD, still holds BULLISH, will be looking to add on H4 setups.

EURAUD & EURCAD BULLISH will be looking for high probability setups on D1 & H4 to get LONG

As expected EURJPY, AUDJPY & GBPJPY Shorts in play, we expect further fall either way.

AUDUSD & NZDUSD high probability to trade BULLISH in the coming sessions, though it looks like a tougher call thanks to very strong resistances on both pairs,but we will be looking for H4 setups to get LONG.