EURUSD backed away from the 1.5983 highs in a hurry, and put in a 1.5850-area low this morning. If you can leave your emotion and pre-conceived ideas at the door and notice that the setback is clearly in 3 waves, you might see this as a simple correction in the course of the longer-term downtrend. If this morning's lows are taken out, the .618 retracement at 1.5839, parallel channel support at around 1.5830, and then high of wave 1 at 1.5802 are critical levels that will defend the uptrend.

USDJPY's nerves have to be a little frayed from a severe case of claustrophobia as the walls are quickly closing around in him. 102.60 is the topside level, and 101.50 is the downside level. My gut says higher, but the technicals say lower.