It's Friday folks....
The EURUSD popped.
The USDJPY dropped.
I guess the means the dollar dropped.
Greece officials did say that "Deal with creditors was closer than ever". The pop came before the headline...HMMM
But the charts showed the bullishness and bearishness.
For the EURUSD, the market could not below the 1.1217 level outlined in the prior post. The price moved above the 1.1240 level (also in the prior post) and the next stop was the 100 hour MA. Even that level has been broken but the price has come back down to test it and the 38.2-50% of the trend move higher see yellow area).
For the USDJPY, we talked about holding the 100 hour MA (it did -see prior post) and getting below the 123.48 and it extended the narrow trading range (as per post). The 68 pip range is better than the 48 pips earlier.
