Gaining 6 out of the last 7 days, Friday’s NFP was a wild ride with the pair touching an intraday low of 1.3585, then screaming up in 1hr up to 1.3700, only to sell off another 60pips. Intraday support comes in at 1.3585 (friday low) where the pair found strong buyers, while sellers can look for intraday price action signals off 1.3700 with tight stops above. A downside break of the level sets up 1.3500 while a 1.3700 break targets 1.3830.
Trending and holding it a little stronger, the EURJPY has been holding its own and closing not to far off the weekly highs. What I am noticing is on the 4hr charts, the pullbacks are …