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Webinar: Greece Charges Euro Gap & Snapback- USDJPY Remains at Risk

Webinar: Greece Charges Euro Gap & Snapback- USDJPY Remains at Risk

Michael Boutros, Strategist

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USDJPY Daily

Webinar: Greece Charges Euro Gap & Snapback- USDJPY Remains at Risk

USDJPY 30min

Webinar: Greece Charges Euro Gap & Snapback- USDJPY Remains at Risk

Chart Created Using FXCM Marketscope 2.0

Notes: An update to the USDJPY setup published last week- key resistance into 124.15/35 held with the Sunday gap taking the pair back below the median-line. Support at 122.33/36 backed by key support into 121.54/83. Setup discussed at length in today’s webinar -29th min.

EURUSD Daily

Webinar: Greece Charges Euro Gap & Snapback- USDJPY Remains at Risk

Notes: EURUSD setup discussed in 12th min– The rally has now filled the Sunday gap after defending the monthly open earlier in the session- We’ll remain nimble here with end of month/quarter flows & headlines out of Europe likely to fuel added volatility in euro crosses. Near-term outlook constructive above 1.1050 with interim resistance eyed at 1.1250.

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Key Data Releases this Week

Webinar: Greece Charges Euro Gap & Snapback- USDJPY Remains at Risk

Other Setups in Play:

---Written by Michael Boutros, Currency Strategist with DailyFX

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