EURUSD has bounced of the 1.25 handle twice and has formed a double top. The setup is already in action with the first leg almost completed at 1.234. Assuming news for the USD will be positive this afternoon, an extension to TP 2 and TP 3 is possible.
TP 2 1.208
TP 3 1.197
USDJPY has failed to cross through the 107.8 for the third time now. This has resulted in a Triple top formation on the 4h chart. I'd expect the pair to range back down to the bottom of the range to 105.6 with a potential extension to the bottom of the current trend channel at 104.4
TP 1 105.6
TP 2 104.4
SL 108.0
EUR USD crossed the 1.186 resistance level and should now retrace back into the channel of 1.172 - 1.186.
I expect in to continue the retrace within the bear flag
