AUD/USD
FROM HERE: go with the flow: remain short and sell around 0.7640 to target at least 0.7560
BUT:stops building up above 0.7700 so take some profits or unload positions if it heads that way
COMMENT: bears still in control but test will be to break 0.7560. Next major support is around 0.7440
USD/JPY
FROM HERE: trade the range 119.22 to 120.35 with bias on up side.
BUT: may consider break out strategy if the range is broken but with tight stops.
COMMENT: ‘spinning top’ formation after a rally takes the momentum away so don’t be agressive on the longs.
EUR/USD
FROM HERE: doji formation so play the range 1.0820 – 1.0950
BUT: can consider reversing position if range is broken as always with stops.
COMMENT: remain bearish unless 1.1040 breaks on top side.
GBP/USD
FROM HERE: buy on dips around 1.4833 to target 1.4932 then 1.5000
BUT: major support is around 1.4730 so can consider reversing position if that breaks (ie go short)
COMMENT: 1.5000 should be tested again this week but not sure which day. Caveat as long as 1.4730 holds.
