Well it held the first test at least, which is usually what happens with major technical levels.
This level has formed 4 lows on the weekly chart and must be respected.
One way to get potential “bang-for-buck” in the FX space is to look for USD selling opportunities. USD/JPY looks like a likely candidate after a bit of a battle for supremacy at 138.00-50 has potentially been decided in the sellers favour. I’m looking to sell USD/JPY on the day, hoping for a swift 200-300 pip Friday clean-out of stale longs before the uptrend reemerges.