Today’s highlights:
– EURUSD: Market continues its correction lower, bringing the market through 1.3300/09 pivot support towards our retracement target of 1.3249. We look for renewed buying here for 1.3487.
– USDCHF: Emphatic breakout through medium-term trendline resistance at .9276 and the prior high of .9304 allows the market to advance higher to .9419/31 resistance first
– USDJPY: Correction continues lower back towards the key chart support level of 86.82. Whilst above here our bias remains higher for through 89.67 to 90.00/84.
Today’s trades/positions:
– EURUSD: Short from 1.3380 target/reverse 1.3260, stop/reverse now at 1.3295 (for 1.3480).
– USDJPY: Long from 88.65, add at 87.30, targeting 90.50, stop widened to 86.75.
– GBPUSD: Short at 1.6120, target now at 1.5995, stop/reverse through 1.6180.
– USDCHF: Long from .9250 target .9628 stop at .9060.
– AUDUSD: Short from 1.0570 targeting 1.0410, stop now 1.0625.
– NZDUSD: Short through .8410, target lowered to .8290. Stop now at .8479.
– USDCAD: Short from .9870 for .9730, stop now at .9870.
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