1.3440 and 83.10 do their jobs

EUR/USD has eased back to the 1.3415 area after stalling just shy of the crucial 1.3440 level (1.3433).

Similar story in USD/JPY where 83.10 has halted the decline and prompted a bounce back to 83.30.

1.3440/50 should be an interesting spot with barriers and stops clustered right in that region. Given the cruelness of the markets, odds are we rally to 1.3455 before plunging….