135.5 was the key zone and indeed we've started the trading week with a re-test of this .
Following some consolidation on the top of the 135.5 , the rally finally came and the price crossed about the hourly lines and reached the broken uptrend line that should have acted as resistance - exactly what it did.
At this point I sent to the Elite Zone a setup on $USDJPY as I expected $EURJPY which was the force behind $EURUSD (inverse correlation to $USDJPY ) to decline (at least to have a quick pullback. The $USDJPY trade generated nice 40 pips as $USDJPY recovered from its decline that came after a completion (another Elite Zone winner this week).
Now $EURJPY is just on the 200 line and the 50 line. This zone (136) along with the proven 135.5 will be the ones to focus on next week. The same goes for the important 1.1 zone in $EURUSD that I'll cover in next week's newsletter.
Very technical movements today that created nice winners on $EURJPY, $USDJPY and $EURUSD.
Enjoy your weekend everyone