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

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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:

• USDJPY Runs Into Key Resistance- Short Scalps Favored Sub 124.35

• GBPJPY Opening Range Setup- Long Scalps Vulnerable Sub 195.50

• GBPUSD Pullback to Offer Favorable Long Entries- 1.57 Key Support

• USD Shorts Remained Favored on FOMC Sell Off- Key Support 11,731

• Scalp Webinar: Bearish USD Technical Outlook to Face Upbeat FOMC

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

Follow Michaelon Twitter @MBForex,contact him at mboutros@dailyfx.com or Click Here to be added to his email distribution list

Join Michael for Live Scalping Webinars on Mondays on DailyFXat 12:30 GMT (8:30ET)

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