Thread: Discuss all about FX open

my short trades on UJ got nice profits, and all closed at 96.85

The rebound above 96.90 is still underway and the intraday bias remains positive, for a rise towards 99.14 high. Crucial on the downside is 97.43 low.

for EU, SHORT positions below 1.328 with targets @ 1.321 & 1.3185.

The uptrend here is absolutely intact, heading towards 99.93 resistance area. Key support on the downside is projected at 98.65 break-out area.

The upmove is approaching 99.90 resistance and I favor a reversal to set the beginning of a consolidation phase, towards 98.70-80 support. Crucial intraday level is projected at 99.22 low.

The bias here is undoubtedly positive, for a rise through 100.85, en route to 101.50 resistance area. Crucial on the downside is 99.30 low

UJ dropped a lot after the data released, seems the trend changed

The recent reversal at 100.24 marks the end of the rise from 96.79 and the pair has entered a broad consolidation pattern above 98.60. The intraday bias is negative for 99.27, en route to 98.60 with a crucial level at 99.76.

Still in the consolidation pattern below 100.21 high and I favor a reversal for one more sell towards 99.00 area. Initial intraday support is projected at 99.75.

Yesterday's violation of 100.21 peak signals, that the uptrend has been renewed and current bias is positive, for a rise towards 101.50. Initial support is projected at 100.15, followed by 99.75 and the crucial static area around 99.30.