Candlestick Daily: USD/JPY Short Halfway to Target, No Adjustments for Now

December 10, 2012 by stanh
Filed under FX News

CURRENCY	CURRENT BIAS	POTENTIAL STRATEGY
EUR/USD (Short Term)		Recent bounce fills bearish weekend gap, see full report for more details
GBP/USD (Short Term)		Testing resistance from underside of previous bullish trend line, watching for signs of a reversal to present a sell opportunity
USD/JPY (Short Term)		Trade in progress: Sold USD/JPY at 82.50, stop at 82.86, target at 81.90
USD/CHF (Short Term)		Pulling back, key support at .9300 and .9250 – See full report for more details.
USD/CAD (Short Term)		Trading lower after filling weekend gap, next support at .9857
AUD/USD (Short Term)		Continuing to grind higher, currently testing round handle resistance at 1.0500 with additional resistance up at 1.0514
NZD/USD (Short Term)		Trade frozen in lower-.8300s after last week’s spike to 9-month highs at .8350