The ISM non-manufacturing index fell to 41.9 from December’s 54.4. Dow Jones reacted strongly by losing over 300 points, pulling the JPY-crosses lower with it. Intraday outlook remains uncertain for EJ, but inability to make a meaningful retracement might be pointing to us to another sell-off.
Strategy: Hurmm...I prefer to sell break of 155.62, depending on the CS formation. (Closed for 30 pips) Bought 155.51, closed for 55 pips.
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