The channel formation on this currency pair has finished with a higher low and "morning star" pattern within the channel and currently trying to breakthrough the 6400 level. If we continue north then a close above 6400 on the daily should see the channel wide breakout to the 6580 level. Although this is only 1:1 risk reward it is the initial take profit and could see an extension to 6700 dependant on the NFP figure tomorrow
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After the rejection of the R2 and the now proximity to the NFP tomorrow I will be taking a break even on this trade
