Anticipating the close of the candle but it looks low risk. I am going long as follows:
Long $20/pip EURJPY at 127.66, SL around 126.85
Long $30/pip GBPUSD at 1.5306, SL 1.5270.
Edit 7.14 bst:
I will be out ferrying my kids for the next 3 hours and will not be able to monitor the markets. Therefore I’ve put in a limit order to take profit at 128.01 in the EJ trade. The round number is also close to the 38 Fibo of the drop from 131.13 – 124.97 so we should at least pause there, and perhaps also turn down.
The similar Fibo in GU is at 1.5325 but here I reckon we’re more likely to see the 50 Fibo at 1.5342. I should be in back in time for the GBP data release and any moves after that
I have left hard stops in at the levels mentioned in my post. Anything can happen on these kind of days!