Today’s highlights:
– EURUSD: Correction back towards 1.2998/85 key support zone continues for now. We look for a rebound higher from here and still target back to 1.3190, and then 1.3300/09.
– GBPUSD: Breakdown through 1.6010/21 prior support paves the way for further downside to 1.5946/62. The market needs to rebound higher from here to allow for a rebound back to 1.6131.
– USDJPY: Back probing the resistance hurdle of 88.40 once again. Above here then sees risk higher to 90.84 – the 78.6% Fibonacci retracement hurdle.
– AUDUSD: Sharp advance sees the market breakout through 1.0529 with the focus now critically on the 1.0574/87 resistance. Above here sees out target 1.0625 come in to play.
Today’s trades/positions:
– EURUSD: Long from 1.3000, for 1.3300, stop widened to 1.2875.
– USDJPY: Retry a long on weakness to 87.75, stop 86.75 for 90.00.
– GBPUSD: Reversed short through 1.6015, add at 1.6070, target/reverse at 1.5956, stop/reverse at 1.6090.
– 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 .8340.
– USDCAD: Short from .9870 for .9730, stop at .9947.
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