Knez – 1.07950 – if bellow -We have lots of data today – Economic Calendar
CHF should continue to be the weakest link….
Meanwhile eur looks like it could do a little kerplunk of its own as the hourly chart over the last week looks more and more like down moves are more impulsive while up moves more corrective AND shallower (or whatever the inverse of shallow is when it refers to higher)…
USDJPY 15 min chart – red lines dominating, momentum pointing up but faces the invisible hand
After yesterday’s false break to the downside we are back to staring at 150.89 and the invisible hand guarding it.
A break/close above 150.79 would produce an outside week key reversal BUT ONLY A FIRM BREAK OF 150.84-89 WOULD OPEN THE DOOR ON THE UPSIDE.
Expect support on dips as long as 150.30 holds.
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