Found support where it should have. Long flood gates should open about 100.600
Shorting this pair as bear flag breaking down, 9300 break bulls trapped, outside day developing, and China PMI sank below 50. Tgt first 9100, next 9000. S/L 9300. Best.
This pair has been consolidating for the past 3 weeks between 97.5 to 101.5. This grass (range) is well trampled now and the pair is above the cloud; hence only longs are valid. Over the weekend Japanese election results have given further mandate to Abe's policies which favor JPY weakness. So going long @100.6060 for a first PT @ 101.80. S/L on long trigger @ 99.550.
After two days of compression this pair is ready to move. Going long at 99670 when and if it gets there. On trigger S/L @9900. P/T @ 10050.
Looking for resistance around 15280. No position as event risks (bernanke et al) are high.
This pair has not been able to find any traction after Chinese GDP data. Remains weak. Shorting here with S/L @ 9100 and first PT @90050
After a pull back and an inside day this pair is resuming it's uptrend above the cloud. Going long here with S/L@ 99, and PT @101.
Stops under 90000 were triggered this morning and a bounce is expected. Since the pair is the weakest amongst the majors safer to short this at natural bounce levels. Re shorting @ 90700 and 91150 if and when it gets there.
Bernanke dovish talk after market close should be strong support for this pair. Going long at market. S/l @ 91000. Tgt 96280.