Another interesting day with familiar levels all around:
- EURUSD > still holding 1,38 but for how long? Level is tricky as bullish moves will be met with option protection and swing shorts building new positions as a lot of the market is still looking for a 3 month target in the low 1,30s.
- GBPUSD > simlar situation as with euro with current level 1,5250s but most looking to enter shorts in the 1,53 area for a move back under 1,50s.
- USDJPY > 90-90,80 keeps on playing out and as mentioned yesterday we got the stong bounce I was looking for on break 90,00.
Watching for now…