The JPY pairs have been losing steam this week and struggling to make new highs flowing into the end of the month.

On the 15m TF the pair is stuck between the 50% retracement of the last leg down and a trendline dating back towards the start of the bullish move.



On the docket is some CPI data out of Spain, but more importantly out of Germany. There will be several releases throughout the day that can cause some volatility. Bear in mind, the forecast number is quite high considering the economic situation in the Eurozone and general inflation levels. Odd's favor the downside, but for the interim the trendline should offer some support
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