Today’s highlights:
– EURUSD: Break above 1.3140/72 resistance zone signals trend continuation higher towards 1.3284/1.3388, and then 1.3487.
– GBPUSD: Removal of 1.6176/82 resistance cluster paves the way for the market to persist higher, now targeting key resistance at 1.6310
– USDCHF: Sharp sell-off has brought the market back to long-term 78.6% Fibonacci retracement support at .9150. A break through here would allow for continuation to .9043
– USDJPY: Prod above 84.19 reinforces the upward trend and allows the market to continue higher to 85.54 eventually.
Today’s trades/positions:
– EURUSD: Long again at 1.3058, targeting 1.3350, stop now 1.3120. If stopped out buy again at 1.3064 targeting 1.3350, stop at 1.2900.
– USDJPY: Buy again at 83.08 targeting 84.15 stop at 82.45.
– GBPUSD: Buy at 1.6107 targeting 1.6310, stop at 1.6059.
– USDCHF: Sell at .9242 targeting .9150, stop at .9285.
– AUDUSD: Buy again at 1.0484, for 1.0620, stop at 1.0393.
– NZDUSD: Buy again at .8346 targeting .8515, stop at .8293.
– USDCAD: Sell again at .9918, for .9740, stop at .9960.
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Credit Suisse