It seems clear that the current climate remains bearish but be aware that this is NFP week and that the will be more M&A moves on GBP this week… whilst I am still playing the downside, the more this selling goes on, the higher the chance of a monster squeeze and keep in mind that even if euro rips up to 1,40, overall trend will remain bearish.
Some levels I’m looking at:
- EURUSD > 1,3440-60s to the downside and break back above 1,36s, for starters to the upside
- GBPUSD > 1.4784
- USDJPY > 90.36 to the upside
Stay safe 😉