If you enjoy slow motion trading this is the cross for you. The pair could not harness much momentum last week and until the pair breaks out of it current wedge between 78.75 and 77.50 the only thing to do is play the inside. Any move down towards 77.50 could find buyers with rumors of intervention from the Bank of Japan making the rounds once again. Shorting at the top of the wedge could also be considered bit I would hesitate to short the pair at these level.
Keane Plan....Looking to buy tests of the bottom of the wedge.
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