Big Week coming

Big week coming up with Europeans in the spotlight yet again...Greece back on the front pages -- when is a default not a default anyway? - Spain completely ignoring the EU agreed deficit target of 4.4% of GDP and going with their own 5.8% and in France where Mr. Hollande  is looking more and more certain to trump Sarkozy.

All of that plus we have Interest rate decisions from the RBNZ, RBA, BOE and the ECB. The Chinese CPI and our favourite the  NFP lottery on friday...

On the chart front there are a number of patterns unfolding that bare watching -

AudUsd

SHS pattern - Tgt 1.0600 area

NzdUsd

SHS Pattern - Tgt 0.8200 area

UsdCad

Harmonic reciprocal move - 141.4 // 70.7  AB=CD

EurUsd

Harmonic reciprocal move - 141.4 // 70.7  AB=CD

Cable

Harmonic reciprocal move - 141.4 // 70.7  AB=CD

UsdJpy

On the lower frames UsdJpy continues to defy gravity and as March is the Japanese end of financial year, book squaring flows will dominate. Looking back at the charts March has been a strong month favouring the Usd over the Yen albeit with a mid-month  pull back .

The weekly chart is one to bare in mind for those looking to short this pair..