The trend is looking very strong. Me thinks that this baby is gonna see a bottom today around 124,50-124,70 level where it may be a buying pressure on the table. Im personally already long but more on a "medium term" position.
My next orders are around that level to run it up back there. The next resistance up there is at 125,50/70 level where it is gonna test the upside pressure.
GBP sold all over the board - this week we still wait for GBP results on thursday and friday. We could get a clearer picture when we get this data.
JPY is a hard madaFaka so it is gonna be a interesting battle on my behalf. My SLs will be placed under 123 level and will try to get some movement also on 123.30 resistance in the upcoming days/weeks.
My next orders are around that level to run it up back there. The next resistance up there is at 125,50/70 level where it is gonna test the upside pressure.
GBP sold all over the board - this week we still wait for GBP results on thursday and friday. We could get a clearer picture when we get this data.
JPY is a hard madaFaka so it is gonna be a interesting battle on my behalf. My SLs will be placed under 123 level and will try to get some movement also on 123.30 resistance in the upcoming days/weeks.