Today’s highlights:
EURUSD: Eyeing Head & Shoulders neckline, 1.3030; below targets 1.2805.
USDJPY: Forceful Friday plunge through 81.96/83 support keeps correction risk still lower through 81.07 retrace level to our 80.58 target.
AUDUSD: Lacklustre rebound efforts from prods at 50% retrace target, 1.0260, leaves us still looking for 1.0145/15 into mid-month.
Today’s trades/ positions:
EURUSD: Flat, try short at 1.3160 for 1.2810; exit 1.3260.
USDJPY: Long at 82.16 for 85.40, add at 81.10; exit 80.40.
GBPUSD: Long at 1.5855 for 1.6160; exit 1.5744.
USDCHF: Flat, try a long at .9106 for .9330; exit .8988.
AUDUSD: Flat, retry short at 1.0370 for 1.0115; exit 1.0475.
NZDUSD: Short at .8400; target is .8050; exit .8300.
USDCAD: Short at .9970 for .9790; exit 1.0085.
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