Today’s highlights:
– GBPUSD: Threatening neckline resistance located at 1.5200, as well as the key cluster of resistance at 1.5223/33/68. Increasingly risk of a break higher to 1.5519.
– NZDUSD: A base is completed with today’s neckline break through .8270. The market still needs to follow through above .8295/.8300. But risk are skewed higher to .8418.
– USDJPY: Focus remains back on the recent resistance high of 96.71. Above here is required in order to target 99.86/100.00.
Today’s trades/positions:
– EURUSD: Short from 1.2890 targeting 1.2700, stop/reverse through 1.2980 (for 1.3100).
– USDJPY: Long from 94.75, add at 93.75, targeting 99.50, stop now at 93.00.
– GBPUSD: Took profit at 1.5050. Buy again through 1.5195 targeting 1.5495, stop at 1.4995.
– USDCHF: Long from .9432, for .9750, stop/reverse now .9432 (for .9325).
– AUDUSD: Long through 1.0377, for 1.0495, stop/reverse through 1.0330 (for 1.0205).
– NZDUSD: Long from .8225, target now .8405, stop now at .8180.
– USDCAD: Long through 1.0255, for 1.0400, stop now at 1.0179.
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