USD/JPY rises as Asian indices trim losses from previous day’s crash. New Zealand dollar continues to lose ground against U.S dollar despite a decent April trade balance report out of New Zealand. German ifo Business Climate and U.S core durable goods orders are the major events for today.
Trade Idea
EURUSD
A 4H break and close above 1.2950 could lead price to 1.3060. Alternative a break below 1.2895 targets 1.2840.
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