Risk aversion was the order du jour in financial markets during the New York session. The yen crosses saw their biggest drop since the so-called flash crash two weeks ago today. The EUR/JPY currency pair dropped nearly 300 pips in just one hour to an 8-1/2 year low, then staged a 200-pip recovery before the London close

Hey everybody, been away for a while, happy to be back to the charts. Looks like I have missed a relative bonanza, the good news is I dont really see it coming to a halt anytime soon. Therefore the strategy is short, short and more short until proven otherwise. Good luck and enjoy!! David Pegler

Good economic news from Europe was hard to come by today. Negative core CPI in Spain (first time ever), pressure on European bank stocks, rumors of French President Sarkozy having threatened to pull his country out of the euro, and reports of strikes by Spanish labor unions, all weighed on the euro. The EUR/USD currency pair reached an 18-month low during today’s New York session.

Pre-London completed some of our earlier trades going on and finally hit some support targets we had been after on several pairings. So here we were in familiar territory, London open at support/reversal pivot points, pretty much know what happens there, countertrend scalping back to resistance. So in this video I show one of these trades, the EUR/JPY, and how we set it up, why we did, and where the executions here. Ultimately an unexpected news release just before London lunch finished our move to it’s finally target before fully coming back down to the support zone again. Hey whatever it takes =) Have a great weekend! FXBootcamp London Currency Coach- Christian Stephens