With today's data we saw UJ continue its downtrend. I believe that it will bounce at around 141.700 and then reject back off the trendline to continue lower.
I'm thinking that EURUSD will continue to hold at the 1.0750 level and continue to rise this week. Good data next week will help create bullish momentum and continue the uptrend. Last Friday closed with a decently sized pin bar.
FOREXCOM:USDJPY
Price broke structure out of this flat line resistance and ascending support triangle with a bearish engulfing candle. Looking to take profit around 147.594 as I think the price will continue to be bearish.
