I am going to take a step back today and let things shake out a bit. The dollar feels like it's trading with an offered tone, but against USDJPY there is very little room on the downside to justify any stop loss risk on a short trade. EURUSD looks like it's breaking out to the upside, but if my analysis is correct that the downside in USDJPY is limited, that would mean EURJPY will have to accompany EURUSD higher. But considering I am bearish EURJPY, it kind of feels like Euro is all dressed up with nowhere to go. I am going to stand aside tonight to watch how things shake out. Back tonight.