Hi all traders
Due to the fact, Bernanke will talk on next Tuesday and also, there will be an announcement about UK, forget to trade the cable, GPBUSD, and in fact, avoid as much as possible to trade USD this week, wait a while the effect and impact from Bernanke
Now, possible trades to perform next week
EUR/USD Sell 1.2975 Target 1.2915 +60. All downside targets = 1.2915, 1.2891, 1.2857, 1.2832. because BCE members were unable to take a reliable decision
USD/CHF Long 0.9273 Target 0.9344 +70. All Upside targets = 0.9293, 0.9296, 0.9344. But the CHF is very strong, and should be stronger very quickly
EUR/JPY Sell 106.87 Target 105.74 + 110. All downside Targets = 106.29, 105.74, 105.59, 104.92, 104.33, 103.50, 102.68. I do not think it will reach 103.500, in the end of the week
USD/JPY = Sell 81.30 target 80.56 currently - 100 . Back to health and target.
Sell 82.37, target 81.30 + 107, at breakeven.
Continue to 80.560 + 181. Exit at 81.30
continue to target 80.56 + 70. Downside targets = 82.28, 81.80, 81.11, 80.97, 80.27,80.0
I am not sure it will reach 80, I think it will reach 81.80 and goes up