I want to remind that I have posted two updates in the week and both went exactly what I thought and eur/jpy went from 136.20 to 140.70 (at the time of update, And usd/chf recent trade from 0.9460 is still going strong and I expect after minor correction price will clear the new yearly high which is the only obstacle in its way and I have moved my stops from 0.9500 to 0.9575.
Idea was to go long at the breakout and Intermediate false breakout while prior trend was still strongly bullish(see chart above for better understanding i.e Usd/chf), And momentum was strong and the only resistance price was facing the yearly high and It has once again hold for minor correction and As of Month end, we can expect that the momentum to loose some space and Once things settle and big week ahead in which the focus turn once again on ECB meeting, NFP Payrolls and few other high Impact release, So expect big swing to carry on the momentum through.
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