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Currencies finding it tough to pick a side:
We're settling into a bit of s/t ranging as the week progresses. $USD is showing signs of life, particularly in $USDJPY but that's still moving well within the bearish trend.
1/5
We're settling into a bit of s/t ranging as the week progresses. $USD is showing signs of life, particularly in $USDJPY but that's still moving well within the bearish trend.
1/5
2/5
$EURUSD can't keep above 1.23, which asks qestions of that break.
$GBPUSD sits 1.3540/1.3670, which is in between the wider 1.35/1.37 we're watching.
$AUDUSD is putting it's 0.77 break to the test with a test of the 0.7740 zone that was sticky on the way up.
$EURUSD can't keep above 1.23, which asks qestions of that break.
$GBPUSD sits 1.3540/1.3670, which is in between the wider 1.35/1.37 we're watching.
$AUDUSD is putting it's 0.77 break to the test with a test of the 0.7740 zone that was sticky on the way up.
3/5
But for all the times these currencies lose against USD, they find a bounce along the way. We've got our peelers open for around the 12.30 GMT mark where we've seen USD buying all week as the US mob come to play.
But for all the times these currencies lose against USD, they find a bounce along the way. We've got our peelers open for around the 12.30 GMT mark where we've seen USD buying all week as the US mob come to play.
4/5
That was also picked up in a JPM note today, which may mean the front runners are out & about, which may mean it doesn't happen, or those FR's TP into any said buying.
That was also picked up in a JPM note today, which may mean the front runners are out & about, which may mean it doesn't happen, or those FR's TP into any said buying.
5/5
For now, I'm letting the s/t ranges develop & am in sniper mode against the range edges and S&R levels. https://www.forexflow.live/platform/
For now, I'm letting the s/t ranges develop & am in sniper mode against the range edges and S&R levels. https://www.forexflow.live/platform/
