FX Today's Trading Strategy 11/7

EURUSD Euro/Dollar

・Friday’s Trading

On Friday, the 0.9750 support turned out to be stronger than expected, and there was a strong rebound after the employment data release.

Entered after breaking above the M15 high, and exited on the H4 completion. +95 pips

・Market environment and today's strategy

Technically, the chart shows a balance between selling and buying, making it hard to discern a clear direction.

The weekly MA around 1.0060 looks like a strong resistance coming up.

Today I want to focus around the weekly high (or Friday’s high) near 0.9970.

If it breaks up, or if it presses down a bit and is supported at 0.990–0.9850, I’d look to buy the dip in the Friday rally.

USDJPY Dollar/Yen

・Friday’s Trading

On Friday, the price gradually sold off from morning onward.

Wait for the employment data release, short on a test of higher levels, and exit at the previous day’s low. +46 pips

・Market environment and today's strategy

The movement has become directionless.

When big moves aren’t expected, it’s hard to enter.

Perhaps a period of waiting will continue for a while?

The immediate reference level is Friday’s low around 146.50, but there is also support below, so I want to think carefully before breaking lower.