Stretching it out a bit more…
The USD-bull liquidation doesn’t seem to have an ending vs the Europeans, as we hit new fresh intraday highs with EUR/USD @ 1.5120, USD/CHF @ 1.0750 and Cable around 1.9235.
JPY crosses edging lower, with EUR/JPY approaching our m/t target point, to confirm a good result. GBP/JPY right now sitting at the key dynamic support line @ 210.95, a break lower sees the extreme OS level 210.25, confirming the break of the daily support line, the same line that was broken 3 days ago but that in a very good bear trap we saw prices rising back up before the good one sell-off comes…
GBP/JPY does what it was expected
Take a look at the cross now, breaking support line @ 212.80, after breaking the magnet line @ 213.30.
This is what technicals have…as they rule… I hope some of you took advantage of the early warning on this one and have cashed some pips.
Advertisment
