We have a few interesting resistance levels ahead, but overall, the pair is looking up, receiving a strong boost thanks to Mr. Mario Draghi's magic words, and the Nikkei rally before it.
Low resistance at 121.7 may halt the advance, keep that in mind.
I'm in other related trades, I'll try to balance these positions by trading NZDUSD , AUDUSD , and USDCAD .
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Time at Mode FX
Analyst at Concord Bay dot com
Potential 4h target if we get a long.
Not too great for now, larger timeframes look suspicious.
Looking weak for now.