It was a funny day full of whipsaws in most pairs and quite a lot of action for a Monday. In the end it all resolved to the Dollar strength after ISM Manufacturing PMI came out at 52.8 vs. 51.9 expected and 51.5 previous.

USD/JPY made a new 13-year high and is currently approaching Daily Resistance 3 just below the big 125.00 level. It will likely be some selling around there, but the quick stop run up to Weekly Resistance 1 at 125.25 is not excluded.

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