EURUSD tests Wednesday low….stalls. USDJPY stalls at triple top area.The EURUSD fell to the lows from Wednesday but could not extend to the low for the week at 1.1593. Shorts cover in Friday trade.
USDJPY pushed against the triple top area at 114.39-49. The high reached 114.42. Dare we now call it a quadruple top in the 114.39-49 area? We will see what the rest of the day brings but that area is a tough nut to crack. 114.15 is broken trend line support now.
The AUDUSD fell to the lows from Tuesday and stalled. The Friday double lows on the hourly remain another target to get to and through.
The good news for the sellers is the rally after the employment report did stall at the 200 hour MA/200 day MAs at the 0.7688-96 area (now). Stay below that area will send the pair into next week with sellers more in control. A move above though, would bring some doubt to the sellers. PS. Although getting above the dualing 200 bar MAs would be more bullish, the 38.2% of the move down from the October 13th high stalled the rally this week. That is not really showing buyers are «lovin it».