After the BOJ news last week. Are we going to see the JPY continue to strengthening or we will see a reversal of all the gains that it has made?
My bias is SHORT for the NZDJPY as marked on the zone on the chat.
May the Happy August continue to give us the blues and greens. Less Red and more happiness.
Today's PPI News failed to move the current state of the EUR from the resistance 1.67600 - 1.67800.
From the technical end, the sell bias is confirmed and would take the shorts now with the expected plummit to the next support at 1.62100.
The pair tested the current resistance at 1.61900 and it moved away to 1.60600. A retest is currently on occuring. There is a possibility of a LONG position if the resistance is broken towards the upside but before an entry is confirmed:
There must be a retest after breaking the structure to confirm the bullish move above the .61900.
The opposite is true if the...
