FXWW News/Trade Ideas

Few cheap-n-cheerful trade ideas to start the week!

  • USD/JPY: Buy at 103.70 with tight stop below 103.30, targeting 105.40;
  • Cable: Buy at 1.6440 with stop at 1.6395, targeting 1.6600;
  • NZD/USD: Sell at current levels near .8295 with stop above .8330 targeting .8205.
  1. Morning George. 95% of the time the FX market is range trading. With AUD/NZD looking ‘bottomy’ and the NZD o/b on many other crosses, selling rallies towards resistance levels in NZD/USD is a sensible strategy. I don’t have a strong view, hence the tight stop.

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