Following the EUR/USD break out on Monday I’m looking for an excuse to sell this pair along previous support levels. Nothing fancy here, just looking for a support / resistance opportunity on the 4 hour.
USD/JPY has broken out from what appears to me as an inverted head & shoulders on the daily chart. From a technical stand point, I’d like to validate this neckline break and get long on a pull back day before continuing on the retrace path to $96.00 (38.2%). I think there may be support for the pair around $92.30ish.
I hope your having a great week!
Ryan
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