Partially this is on “well it can’t go up” basis – the sellers ahead of 0.8975 held firm after the Statement and it appeared very clearly that upward progress was halted ahead of the NFP. Some AUD/JPY selling active also.
Bids at 0.8940 filled, stops under 40 were hit.
Next line up of buying is around 0.8910 (orders here)
0.8940 will provide selling resistance on any bounce for now
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