Majors
EUR/USD: LONG AT 1.3288 FOR 1.3486, REVISE STOP AT 1.3290
USD/JPY: LONG AT 88.42 FOR REVISED 90.75; REVISED STOP AT 88.87
GBP/USD: LONG AT 1.5980 FOR INITIAL 1.6156, STOP AT 1.5905
USD/CHF: POSS SELL
AUD/USD: SELL AT 1.0537 FOR 1.0442, STOP AT 1.0590
USD/CAD: SHORT AT .9880 FOR .9764, STOP AT .9925
Crosses
EUR/JPY: LONG AT 117.45 FOR REVISED 121.85; STOP REVISED AT 118.97
EUR/GBP: LONG AT .8269 FOR A .8424 OBJECTIVE, REV STOP AT .8294
EUR/CHF: BUY AT 1.2414 FOR 1.2645, STOP AT 1.2330
EUR/CAD: LONG AT 1.3135 FOR 1.3335 STOP AT 1.3065
GBP/JPY: LONG AT 141.40 FOR 146.00, STOP REVISED AT 142.40
NZD/USD: LONG AT .8350 FOR INITIAL .8477, STOP AT .8285
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GBP/USD stays weak near 1.2600 amid market caution
GBP/USD remains defensive near 1.2600 in European trading on Thursday. The hawkish tone from Fed Governor Christopher Waller keeps the US Dollar afloat amid a cautious trading environment ahead of key US data releases and the Good Friday trading lull.
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Portfolio rebalancing and reflation trades emerge into Q2
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