It’s been a frustrating few months in the FX space for me at least and I’m trying to stay around breakeven while waiting for the next big thing to arrive.
My only position at the moment is long Silver, with a target at $32 and a review in place should we close below $24.50.
AUD/USD is recovering slowly off its recent .7290 lows but I’m unconvinced either way and am leaving alone for now. Similarly EUR/USD and USD/JPY are unappealing so I’m looking elsewhere for shorter term opportunities.
Cable has potential to reach 1.45 this time I feel so any 100-150 pip dips are worth buying with strength starting to emerge in quite a few GBP crosses. My longer term view is to sell aggressively in the mid 1.40s but lets deal with that if/when we get there.
USD/CHF is my other trade of choice and I’m a buyer on dips waiting for an aggressive up-turn to emerge. First support is the big big figure at .9000.
NFP lottery tonight but I’m not expecting much more than the usual stop-loss run. Good luck out there.