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EUR/USD Climbs Uptrend
The EUR/USD on the 60 minute chart is climbing the intraday uptrend as it seems destined to re-test the 1.4138 high. Don’t chase the entry and wait for the pullback for the most low-risk entry. Support will be waiting between 1.4015 to 1.3995. Plug-ins on chart are GRaB and LMT.
USD/JPY Swings Opportunities
The USD/JPY is setting up for some swing action in the Asian session as the short term 30 minute can correct to the 96.30 area and the longer term 240 minute is setting up a play off 34ema low resistance.
These two time frames reflect two separate psychologies. The short term shows current strength while the longer term shows exhaustion. Depending upon individual preference, outlook, and risk tolerance each timeframe offers a chance to participate in the gyrations of the USD/JPY.