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Big moves sparked by the European, Japanese, and UK central banks may be an opportunity for new trade ideas if you know where to look! As usual, I’ll kick off the week with my pre-trading market routine; here are this week’s must-watch levels on EUR/JPY, GBP/JPY, and EUR/GBP!


It looks like the volatility wasn’t enough the break the pair out of its range as it continues to find sellers around 132.00 and support around 130.00. With a light load of tier 1 events on the calendar this week, look for those areas to continue to attract support/resistance, barring any surprise events.

  • WO: 131.22
  • Top WATR: 132.72
  • Bottom WATR: 129.72
  • PWH: 132.15
  • PWL: 129.79


Guppy found to support all week but found sellers after we saw no action from both the BOE’S Monetary Policy Committee and the Bank of Japan. Again, the calendar is pretty light on economic catalysts, so the 154.00 could serve as support for recent pound bullishness, with sellers probably eyeing the 157.50 – 158.00 as an opportunity to sell.

  • WO: 155.77
  • Top WATR: 157.56
  • Bottom WATR: 153.98
  • PWH: 156.44
  • PWL: 153.98


As I mentioned last week, this bad boy was poised to go for .8450 and .8400. Is this area gonna serve as major support after a two-week downtrend or a break of .8400 lead to another 100 pip drop? Will .8500 be a new selling opportunity if retested? Or is a reversal in the cards if we see support under .8400? Only time will tell!

  • WO: .8423
  • Top WATR: .8480
  • Bottom WATR: .8367
  • PWH: .8521
  • PWL: .8391

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