Objective Forex: Monday Forex Plays (EURUSD, and GBPJPY Breakout)

Monday, May 11, 2015

Monday Forex Plays (EURUSD, and GBPJPY Breakout)

We've had some interesting action on EURUSD yesterday at market open, a slight slide down, which should set up this monday play nicely. 

Currently at the 1.11 resistance level we are still long and this should be a solid buy, be on the lookout for a break below 1.107 as this could signal a bearish collapse.

LONG EURUSD at 1.10


Another play we want to make you aware of is a breakout on GBPJPY possibly still underway. The 186.0 level was shattered and seems to be on a strong trending move up to the 188 level.

LONG GBPJPY at 187



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