EURUSD has continued breaking day high and recently It form a second evening star and it has repeatedly test the uptrend line a few times. We should be looking at a break below the uptrend line for a firm signal on a correction.
Take note of the opening price today. If prices closes above the day high of Friday candle, it validates a bear trap where people were trap in shorting usdjpy when it breaks below 108.50 and now it reverse back trapping them, but we need to see if it close high today to confirm
USDJPY drops near 108.50 zone. Currently in a consolidation phrase. There's has been a few touch and go at 108.50. My long term view on the USDJPY is long and given the current North Korea issue, JPY should get hit instead of appreciating because of the proximity of north korea is to japan. Any big events regarding North korea, Japan should be affected.
