The mood isn't lightening as currencies trip over

It's one way now for the majors

• GBPUSD down swiftly to 1.4397
• EURUSD to 1.1110 led by strong selling in the yen cross
• EURJPY spills under 130.00 to 129.62
• GBPJPY keeps on trucking south to 167.97

I'm hearing that liquidity isn't the greatest right now so that's adding to the volatility

Once again the pound shows that it's not ready to go on an extended run higher. We're back below the Jan uptrend line and have pulled up at the 55 H4 ma.GBP

GBPUSD H4 chart

There's always a need to find a headline or explicit reason why markets move but sometimes they just get out of bed on the wrong side.