Today’s highlights:
– EURUSD: Support found at 1.2880 results in a rebound back up towards the key long-term trendline resistance hurdle of 1.3010. Above here is needed to expose 1.3140/72.
– GBPUSD: Market defends its upward trendline at 1.5962. The focus is now back on the intermediate-term downward trendline located at 1.6082, which should still cap.
– USDJPY: Reversal higher from 81.68/4 support zone revives a bullish tone with scope for the market to extend higher to 82.84 once again. Through here exposes the more critical 83.09/82.99 hurdles.
Today’s trades/positions:
– EURUSD: Short from 1.2985, stop/reverse now through 1.2964, target/reverse now at 1.2934 (for 1.3002).
– USDJPY: Buy at 82.05, targeting 82.60, stop at 81.67. Buy again at 81.25 if stopped out, targeting 84.10, stop at 80.60.
– GBPUSD: Short from 1.6025, targeting 1.5931, stop/reverse now 1.6025 (for 1.6080).
– USDCHF: Long from .9280, add at .9235, targeting .9448, stop at .9210.
– AUDUSD: Long from 1.0435 targeting 1.0610, stop/reverse through 1.0426.
– NZDUSD: Sell at .8288 targeting .8120, stop at .8315.
– USDCAD: Long from .9926 target/reverse now .9926, stop/reverse through .9920 (for .9765, stop/reverse then .9962).
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