– Overall volumes remained high, but yesterday they were generally lower than those seen on Tuesday.
– EUR/GBP surged higher this week but volumes are starting to tail off, cautioning that a period of consolidation/correction is becoming increasingly likely.
– USD/JPY price posted a new high but volume was lower than during the corrective decline midweek and below its 20 day average; a warning sign that the uptrend could be faltering.
– EUR/USD activity dipped versus Tuesday but was above average.
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Barclays Capital