Today’s highlights:
– EURUSD: Decline lower persists for now, with the market threatening a top through 1.2863/35/03. We expect this support cluster to be targeted today. Below sees 1.2740.
– USDJPY: Correction lower continues, with the focus firmly set on the 79.12/14 support cluster. We highlight that a downside break below here paves the way for further risk lower to 78.99 and then 78.38.
– GBPUSD: Gaining traction at tentative trendline support placed at 1.6006, however the risk is still skewed lower through here for a
return to 1.5914 and then 1.5873.
Today’s trades/positions:
– EURUSD: Long from 1.3060, for 1.3260, stop/reverse 1.2880 (for 1.2750).
– USDJPY: Unwanted long from 79.25, target/reverse now 79.25, stop/reverse now at 79.25 (for 78.42).
– GBPUSD: Short from 1.6120 targeting 1.5950, stop at 1.6184.
– USDCHF: Scratched at .9345. Buy again at .9345, add at .9315 targeting .9500, stop at .9280.
– AUDUSD: Short through 1.0262, added at 1.0336, target now at 1.0150, stop now 1.0450.
– NZDUSD: Long from .8170 targeting .8340, stop at .8100.
– USDCAD: Buy at .9943, targeting 1.0085, stop at .9840.
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Credit Suisse