Today’s highlights:
* EURUSD: Indecisive price action continues after failure ahead of 1.2383/7/8 resistance zone. We expect the market to retest 1.2242/56 support zone. Below exposes 1.2134.
* USDJPY: Stalling ahead of our near-term target resistance hurdle of 79.80. We expect a correction back to internal trendline support placed at 79.00.
* AUDUSD: Break through 1.0436 support confirms a trend change and immediate exposes 1.0372 channel support as well as the 200-day MA at 1.0291.
Today’s trades/positions:
* EURUSD: Short from 1.2340, now targeting 1.1901, stop at 1.2390.
* USDJPY: Long from 78.61, for 79.70, stop at 78.40. Buy again at 79.01, targeting 79.70, stop at 78.78.
* GBPUSD: Reversed short at 1.5700, add at 1.5750, targeting 1.5490, stop at 1.5790.
* USDCHF: Reversed long at .9754, add at .9680, for 9960, stop/reverse at .9646.
* AUDUSD: Reversed short from 1.0460, for 1.0210, stop now at 1.0551.
* NZDUSD: Sell at .8101, targeting .7900, stop at .8175.
* USDCAD: Sell at .9918 targeting .9835, stop/reverse through .9945.
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