Well, I could have left it there for the evening, but was watching charts on my iPad and saw that something interesting might be happening with EUR/JPY and/or USD/JPY -- some retracement of late last week's bearish movement.
For EUR/JPY, I am now watching the 146.50 level, which provided some brief resistance back on 11/16, and would be where I would consider shifting long if that level is broken since this would be where there would be an 8/34 MA cross ... . This could also be where a news trap would potentially occur, since this is about the level the pair was at the pre-Draghi speech and the level at which shorts that took advantage of that movement would be squeezed and/or stopped out.
For EUR/JPY, I am now watching the 146.50 level, which provided some brief resistance back on 11/16, and would be where I would consider shifting long if that level is broken since this would be where there would be an 8/34 MA cross ... . This could also be where a news trap would potentially occur, since this is about the level the pair was at the pre-Draghi speech and the level at which shorts that took advantage of that movement would be squeezed and/or stopped out.
Fireworks are fun ... as long as you don't blow your fingers off.