Asia Roundup:
- The Greenback held onto last week's gains during Asia trading with very few weekend gaps occurring.
- NZD/CHF provided the largest gap which is sure to grab the attention of gap traders. However gaps are not always closed, because it if it a 'breakaway gap' then we can expect a continuation in the direction of the gap which would attract gaps just below the gap itself .
- AUD Business Confidence Up 2 Pts To +6 Pts In April Vs March and Business Conditions Down 1 Pt To Zero In April Vs March-NAB
- USD/JPY breached 102 resistance mid-session; A break above here targets 102.20 intraday and also confirms a double bottom to target 102.50
UP NEXT: 
Very light on scheduled news for today's London and New York sessions. However as there was no evidence of a change in sentiment during Asia today (from last Friday) then we may see a continuation of moves, in terms of USD strength.
TECHNICAL ANALYSIS:
EUR/USD: Below 1.38 targets 1.370
The Key reversal on heavy volume seen last Thursday was followed by a bearish follow-through on Friday, also on higher volume to suggest we have seen an interim top at 1.40.
Breaking below 1.38 and the bullish trendline makes 1.378-80 a likely zone of resistance where bearish setups can be considered to trade down to 1.370.
Even if we see intraday price above 1.380 we also have the Weekly Pivot around 1.382 which may cap as resistance.
Keep in mind that due to the bearishness of the previous sessions we may not see a deep pullback at all. Also as we have a lack of red news today and not much until US opens, we may well see sideways trading up until New York opens.
USD/JPY: Consolidating just beneath 102 resistance
A break above 102 confirms a Double Bottom reversal to project an approximate target around 102.50.
Whilst we have seen an intraday beak above this level we have dipped just below again and consolidating. The Daily S1 Pivot and 50 hour eMA are providing support and price is coiling up within a potential bullish flag / pennant.
There is also a bullish channel which projects a target around 102.20 if we see a bullish breakout of the current consolidation.