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GBPJPY Bulls on Guard: Buy the Dip at 206 as Support Holds Firm – Target 208 in Sight

FxWirePro- Major European Indices

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EUR/USD bullish start, above weekly Tenkan at 1.0953

Monday, April 6, 2015 1:07 PM UTC

Source: Thomson Reuters

EUR/USD price so far above weekly Tenkan at 1.0953 after huge US NFP miss Fri
Bullish start, hefty shorts, weekly close above 23.6% of Oct-Mar slide at 1.1031 would target 1.1385
Wide, oversold weekly Bolli spreads begin tightening, hint at revert to 21-WMA
Dudley on the wire after bad data, hits from strong USD & oil patch weakness
COT net spec short EUR posis made post EUR-crisis highs last week

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EUR/USD bullish start, above weekly Tenkan at 1.0953

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