[milliard]

Not surprising really torero. Geppy has plumbed 10 handles (1,000 pips) in 3 session closes from the strong 213.0 ceiling, stalling out at decent support from 4th Q 05-1st Q 06. Fierce thrusts like that require a breather to assess the damage before considering their next move.

Risk aversion has continued to spook these instruments & the 2 way flows will be jerky affairs until one side or the other gains a confident foothold. These pairs, particularly Geppy, sure require a trader to adopt & embrace a well defined trend/range combo strategy.