The EURUSD up to 157 pips from 67. USDJPY extended from 22 pips to 78 pips.

Earlier today, I commented how the low to high trading ranges stunk for all the currency pairs.

Some examples from earlier in the session:

  • USDJPY at 22 pips
  • EURUSD at 67 pips
  • USDCHF at 49 pips
  • USDCAD at 39 pips
  • AUDUSD at 44 pips
  • NZDUSD at 63 pips
  • GBPUSD at 62 pips

Well, the ranges don't stink so much anymore.

Well there is one exception. The GBPUSD still stinks. It remains at 62 pips vs a 22 day average of 114 pips.

What do the ranges look like now?

  • USDJPY 78 pips
  • EURUSD 157 pips
  • USDCHF 85 pips
  • USDCAD 96 pips
  • AUDUSD 108 Pips
  • NZDUSD 98 pips

Here is what the current ranges for the majors look like...

And here is what they looked like earlier today.

For a discussion on how you can take advantage of this dynamic, see the earlier post.