JPY weakness. CABLE peaking?

EUR/USD: The market opened the week with an unusually big gap (to1.3748) higher only to immediately trade lower filling thegap to the NY close, 1.3706. The outcome of the current(and erratic) moves is unclear and either buyers will return atcurrent levels (= a new high lurking) or we will continue theslide (ending below 1.3666 = bearish engulfing candle &below 1.3620 = bearish key day reversal).

Read the full report: Technical Alert

 

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