Today’s highlights:
EURUSD: Advance now approaching important resistance hurdles at 1.2803/12/44. We expect the latter 1.2844 to cap, with a reversal lower most likely to then target 1.2502.
AUDUSD: A bearish top confirmed with the break below the market’s medium-term upward trendline and 200-day MA. We expect price to target 1.0236, and then 1.0149.
USDJPY: Broader target of 8.1.49 now reached. We look for 81.79/88/49 area to now cap the market, with corrective risk lower to 80.68/56, and then 80.12.
Today’s trades/positions:
EURUSD: Sell at 1.2800, add at 1.2830, stop at 1.2877, targeting 1.2530.
USDJPY: Sell at 81.25 targeting 80.56, stop at 81.65.
GBPUSD: Buy at 1.5840, add at 1.5801, stop at 1.5760, target 1.5999.
USDCHF: Long from .9432, targeting .9610, stop now .9350.
AUDUSD: Sell at 1.0315, targeting 1.0170, stop at 1.0415.
NZDUSD: Short from .8110, add at .8155, targeting .8012, stop .8210.
USDCAD: Go long again at .9960, stop below .9925. Take profit at 1.0076.
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