Candlestick Daily: Selling Bounces in GBP/USD and AUD/USD

February 6, 2013 by stanh
Filed under FX News

CURRENCY	CURRENT BIAS	POTENTIAL STRATEGY
EUR/USD (Short Term)		Rolling over after hitting 1.36, room down to test support at 1.3475 ahead of ECB tomorrow
GBP/USD (Short Term)		Sell if GBP/USD bounces to 1.5680, stop at 1.5720, target at 1.5605. See full report for more details
USD/JPY (Short Term)		Yesterday’s trade hit target (+70 pips), now looking to buy intraday dips
USD/CHF (Short Term)		Looking to sell further strength into the upper .9100s, see full report for more details
USD/CAD (Short Term)		Consolidation continues under parity (1.00), support sits around .9950. See full report for more details
AUD/USD (Short Term)		Sell if AUD/USD bounces to 1.0340, stop at 1.0370, target at 1.0305. See full report for more details
NZD/USD (Short Term)		Buy if NZD/USD breaks above .8485, stop at .8460, target at .8520. See full report for more details