resetting my charts....

Last few days been getting the sense that "oversold" may be the order of the day. Today's action seems to somewhat add to that suspicion. basically what has been down could be exhausted and what has been up could also be exhausted. So re setting my charts to switch to the potential direction. The move in the eur and gbp is encouraging from that view. But the angle of ascent is steep and so am waiting to see price action on a retracement. The Yen is still strong and in a broad range . A passenger ccy relative to crosses. So will spend as little attention to $Jpy as possible. The $Cad retreat is most impressive ... straight play I find is not as attractive as the cadjpy cross. Am sitting back and waiting my time for set-ups in line with potential diretional change. If it is then it would be good plays in terms of pip potentials. But if not then downside target would be only fractionally as attractive. Either way lets see what the market will show these 2 weeks.