Today’s highlights:
– EURUSD: Rebound now back probing the 38.2% retracement and chart resistance zone of 1.2972/4. A breakout above here is required to allow for an advance back towards 1.3127.
– USDJPY: Still range bound between 81.64 and the 82.84 high. We continue to expect an eventual breakout above 82.84 and extension through 83.09 neckline resistance to 84.19
– GBPUSD: Strong rally off support found at 1.6002, ahead of the 1.5989/62 key flagged support zone. The focus is now back on 1.6132 and then 1.6176/82 resistance.
– NZDUSD: Prod above .8260 key medium term resistance keeps the current upward trend intact, and the focus higher to .8473.
Today’s trades/positions:
– EURUSD: Long through 1.2930, add at 1.2865, targeting 1.3091 stop at 1.2840.
– USDJPY: Long from 81.75, add at 81.02, targeting 84.10, stop at 80.60.
– GBPUSD: Booked profit and reversed short through 1.6040 for 1.6225, stop at 1.5960.
– USDCHF: Long from .9280, target now .9400, stop now at .9280.
– AUDUSD: Short through 1.0426, target now 1.0305, stop/reverse through 1.0524 (for 1.0610).
– NZDUSD: Long at .8311, targeting .8430, stop at .8230.
– USDCAD: Reversed short from .9868, add at .9908, targeting .9798, stop at .9938.
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