We took profit on the first of 4 planned sell trades on EUR/JPY yesterday. No change to the plans with EUR/JPY.
I took profit on GBP/AUD and I’m planning a possible second time through the same space, see the link above.
I’m planning for some possible pull-backs on EUR and GBP based on it being the end of the week, and based on the already stretched moves against the USD and also based on the holes in the good economic data coming out possibly bringing these pairs back a bit.
Keep in mind Draghi speaks today and could bring about reaction to the EUR pairs.
See you next week!