AUD,NZD/GBP crosses/Trade Ideas/USD/JPY

Now the FX market can really open for the week

Thankfully I’ve missed no opportunities during a very side-ways Asian session so we can look to early Europe for the first swing trading opportunities:

  • EUR/JPY looks like it might be worth buying if an hourly base can form above 129.60/70; keep stops tight as market is already short of yen and the target is 131.10.
  • EUR/GBP might be worth selling near .8620 looking for a 60/70 pip pull-back towards mid-range levels. As always, let a top form first.
  • If AUD/USD breaks below 1.0250, then look for small relief rallies to get short on.
  • Obviously 100.00 is a huge level in USD/JPY; I don’t fancy pre-empting what might happen and will wait and see how the market reacts.
  1. USDCHF is looking good so far Sean , but i’m also in the camp of those supporting a fail of usdjpy , so i don’t see how that might affect my medium term view of the pair, how it will impact. Any thoughts ?

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