Today’s highlights:
· USDJPY: An “outside” pattern already today (bullish?) aiming for key 200-day MA at 78.05 and then range resistance at 78.31. Above secures firmer Q1 base
· EURUSD: Hinting at a small top, but still needs a close below 13-day EMA, 1.3125, to aim for 1.3026 next. Through here confirms
· GBPUSD: Poised at key short-term pivot support, 1.5695/90; break here targets correction to the 1.5534/16 area
· AUDUSD: Further probing of trend support (1.0685) aims for trend line from latter 2011 at 1.0610. Through here confirms a more notable reversal and aims down to/through 1.0527
· NZDUSD: Poised at 13-day EMA/trend support at .8285/80, with growing risk through here for correction to .8155 and likely .8041
Today’s trades:
· EURUSD: Flat, retry short at 1.3265 or break below 1.3125 for 1.2870; exit 1.3330
· USDJPY: Flat, try short at 78.09 for 77.40, stop/reverse 78.35
· GBPUSD: Flat, try short at 1.5825 for 1.5525; exit 1.5925
· USDCHF: Long at .9130 for .9380; exit .9064
· AUDUSD: Long at 1.0675 for 1.1000; exit/reverse 1.0630
· NZDUSD: Long at .8256 for .8510; exit/ reverse .8250
· USDCAD: Short through 1.0049 for .9805; exit 1.0085
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