Eurjpy

[Jocelyn]

Supply channel getting "worked" on this pair as EU Bulls peel off profits & assess the state of play.

The lower boundary (160.0) will focus the aggressive spec att'n here, as the strength of the stops begins to tell.

159.20-40 the 1st test for bids, followed by 158.20-50.

Those players holding longs thru 154.50-155.0 won't begin stirring until their stops @ 156.80 thru 157.20 come into view.

[didjerdu]

Right now I'm making a play below the 160 level. Long short? On the H4 there's room to move to the downside. S @ 159.26 and 158.80. Are you in agreement Jocelyn? Do you differ?
Lemon O.
Steve

[didjerdu]

Thanks very much for your reply, Tess.
S