Hello Traders,
Monday - no important US data and only producer prices from EUR and CHF
EUR-USD - range trading 1,2900-1,2980. On the upside next resistance 1,3015 and higher near 1,3045, on the downside support below figure near 1,,2870 and 1,2840, still target for bears 1,2740 while we trading below 1,3000 on daily close basis, but test 1,3015-45 cant be rouled out during the day.
USD-JPY - only up? Today propably yes, while 120,80-121,00 support holds. target 121,60 and 122,00.
Strategy: Look to buy on todays dip for move twds 121,60 today maybe 122,00 but also remember important Jpy data later this week, some profit taking possible late tuesday or wednesday.
GBP-USD - looks very interesting, strong support 1,9640 , earlier 1,9690. Wednesday very interesting BOE minutes. In my opinion till this minutes we should stay above 1,9640 and if after BOE we still will be above , move twds 2,0100-50 possible very quickly.
Strategy: If You have short position propably better to exit with smallest pips win than lost some more pips or put sl at b/e. Hmm no clear situation now but at this moment little bigger chances for bulls.
Look to buy on dip towds 1,9690 if seen.
Good Luck
Piotr
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