– Yesterday, FX volumes were the second highest seen in the past 12 months.
– EUR and JPY topped the list of rankings by volume and EUR/JPY itself had the highest volume above its 1-week average.
– Declining interest is apparent for the CAD as volumes have declined below the one-week average.
– USD/JPY shows declining volume on downticks often followed by stronger volume on the uptick, confirming the ongoing uptrend, which likely has further to run.
Click here to read the full report: Technical Research
Barclays Capital