EUR/JPY Update

The divergence in EUR/JPY continues to build after moving to the upside all day, now the pair refuses to make higher highs.

In short I'd say that the EUR/JPY is more or less the market's "Sponsor today", the fact price and 3C for the pair and the individual currency futures is failing, doesn't hold well for the overall market unless there is a replacement pair, but this move above resistance (a head fake move above) just makes sense with a reversal of the size needed to push prices to the bottom of the range and failed breakouts are one of the fastest, strongest and usually most extreme ways to do that.