EURUSD – Intraday Price Action Suggests Continuation
After launching higher post FOMC shocker, the Euro has held up solidly forming a bullish flag pattern. Intraday charts are suggesting the pair should continue its run higher. I’d be interested in either taking a pullback setup towards the 1.3445 support area, or a more aggressive intraday play off 1.3500. Upside targets are 1.3560, 1.3587 and 1.3690 which are the early Jan spike highs. Remaining bullish while above 1.3400 on a daily closing basis.
GBPJPY – Faces Critical Test
After breaking above the 158.50 level which we wrote about before the upcoming breakout, the pair is now pulling back into that same role reversal level. It has sold off for the last 16hrs, …