Forex Technical Update 6/29/2010 – Risk Aversion Accelerates Yen-Gains

Forex Technical Update 6/29/2010 Fan Yang CTA The fear of a double dip scenario resurfaced again after about a month of relative risk appetite. The risk adverse moves today started in the Asian session and finally stalled in the US session. We can see many breakouts in volatility and price range. I will take a look at the GBP/USD, EUR/USD, EUR/JPY, AUD/USD, and USD/CAD.