Today’s highlights:
– EURUSD: Focus remains immediately lower to 1.3310. A break below here targets the 1.3257/64 support zone and then trendline support at 1.3180, which should hold.
– GBPUSD: Back challenging the 1.5631/22 key long-term trendline support zone. We still look for this to continue to hold and for a recovery back through 1.5881. Below, however, targets 1.5506
initially.
– USDJPY: Extension through 94.06/13 resistance exposes the key chart hurdle of 95.00. Above the latter is required to allow for an extension higher to 99.86.
– AUDUSD: Prodding below the 1.0246 78.6% Fibonacci retracement. This reinforces the bearish bias and keeps the spotlight lower for a test of 1.0149 longer-term range support.
Today’s trades/positions:
– EURUSD: Took profit and reversed long at 1.3400. Stop/reverse now at 1.3360, target/reverse 1.3480.
– USDJPY: Short from 93.90, stop at 95.10, target now 88.10.
– GBPUSD: Average long from 1.5791, targeting 1.6350, stop tightened to 1.5628.
– USDCHF: Buy at .9150 for .9380, stop at .9050.
– AUDUSD: Booked profit at 1.0265. Sell again at 1.0314, targeting 1.0180, stop at 1.0356.
– NZDUSD: Flat. Booked profit at .8375. Only buy break above .8390 for .8500, stop at .8300.
– USDCAD: Long at .9975, targeting 1.0135, stop now .9985.
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