- A failure at 91.20 would open the possibility of a double-top forming:
- Most technical indicators are heavily overbought and market could easily pull back to 89.00 without endangering the up-trend:
- As mentioned below, FOMC could try and talk the USD lower:
- EUR/JPY has major technical resistance at 123.10/20 (weekly highs and 38.2% of 170/94).
Risk-reward will probably tempt the contrarians.