Long GBP/USD and Short AUD/USD Still My Play

DailyFX

Risk for GBPUSD longs should be moved up to 1.5090 (bias is bullish above 1.4830 though). If 1.5090 fails to hold, then 1.5045 and 1.4994 are estimated supports. Pay attention to the London open if trading GBPUSD.

I'm short AUDUSD with a stop on daily close above 1.0500, target 1.0310. RBA is a market mover tonight.

EURJPY, ZARJPY, and EURUSD on are on my watchlist at the moment.

--- Written by Jamie Saettele, CMT, Senior Technical Strategist for DailyFX.com

To contact Jamie e-mail jsaettele@dailyfx.com. Follow him on Twitter @JamieSaettele

Subscribe to Jamie Saettele's distribution list in order to receive actionable FX trading strategy delivered to your inbox.

Jamie is the author of Sentiment in the Forex Market.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from FXCM.

View Comments