Right now is not a time to take on new positions. It's either you are already in an existing position from the previous price levels or you are not.
Mixed data has turned this into a battle ground of pure demand/supply and will be heavily influenced on where buying/seller offers are placed at. The news will not be enough to induce overwhelming orders on either side and we have the current DD/SS zones at 101.80 for buyers and 102.40 for sellers.
Currently, it's in between those 2 DD/SS zones with a battle going on, so one would be better off on the sidelines for those who haven't entered as the downside risks are rather large with little reward on both the up/down.
If you must take a position, a risk currency pair like EUR/USD, AUD/USD or NZD/USD will better serve your needs at current levels.
Mixed data has turned this into a battle ground of pure demand/supply and will be heavily influenced on where buying/seller offers are placed at. The news will not be enough to induce overwhelming orders on either side and we have the current DD/SS zones at 101.80 for buyers and 102.40 for sellers.
Currently, it's in between those 2 DD/SS zones with a battle going on, so one would be better off on the sidelines for those who haven't entered as the downside risks are rather large with little reward on both the up/down.
If you must take a position, a risk currency pair like EUR/USD, AUD/USD or NZD/USD will better serve your needs at current levels.