FX Technical Volume Strategy: Volumes suggest EUR/USD correction

– JPY crosses see relatively low volume as a range trade evolves but is unable to shake out longs. 
– Overall volumes back in top quintile lead by NZD as all three regions return to the market.
– Weakness in EUR/USD volumes proving supportive of a corrective outlook.
– EUR/GBP gains interest as it looks to poke above the prior highs at 0.8719.
– Commodity currencies in vogue as metals and energy start to stumble.

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Barclays