Today’s highlights:
– EURUSD: Risk of a correction back towards 1.2998/85 growing, but whilst above here the bias remains higher for a return to 1.3300/09 initially.
– USDJPY: Focus remains on the 86.64 support level, but the market is gaining traction ahead of this at 86.82. Again we recommend buying into this weakness for 90.84.
– USDCHF: Market gains traction at .9202, ahead of the flagged throwback support at .9193. As a result the focus is now back on .9304 key trend resistance. Risk above to .9419.
– NZDUSD: Prod above .8397 resistance sees immediate focus put on .8410 78.6% retracement resistance. Above .8410 sees risk higher to .8478/.8510.
Today’s trades/positions:
– EURUSD: Long from 1.3000, for 1.3300, stop/reverse now scratch at 1.3000.
– USDJPY: Retry a long on weakness to 87.00, stop 85.50 for 90.00.
– GBPUSD: Long from 1.6015, target now 1.6210, stop/reverse now at 1.6015 (for 1.5910).
– USDCHF: Buy again at .9230, for .9410, stop at .9120.
– AUDUSD: Buy again at 1.0450 targeting 1.0615, stop at 1.0390.
– NZDUSD: Long from .8230 targeting .8500, stop now at .8320.
– USDCAD: Stopped out at .9890. Sell at .9880 or through .9870 for .9730, stop at .9947.
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