Short term trading opportunities of EUR/USD, USD/JPY and AUD/JPY
|Position update
1. Last Friday we took profit on USDJPY and CADJPY long trade at 109.96 and 81.69 respectively.
2. Last Friday we entered a short term trade to go short USDCAD at 1.3494, took profit at 1.3462.
3. EURUSD: Holding short position from 1.1210, raise profit stop to 1.1168.
4. DXY: Holding long position from 97.27, raise profit stop to 97.70.
5. New Trade Idea:
AUDJPY: Long at spot ( spot 76.24) stop 75.20 for 77.23 (Risk 0.5%)
AUDJPY
The price just reached 138.2% extension at 75.31.
There is large divergence on intraday chart.
A moderate buy signal is flagged according to my trading system.
We'll look to add on dips against recent low.
We took profit on the long position from 109.74 to avoid some unexpected gap on Monday.
Unfortunately the price directly moves higher.
If seen, we'll look for small base sign near 109.70 again.
USDCAD
The price is still consolidated in the narrow range.
If Oil break higher, USDCAD may under pressure.
We'll keep monitoring the pair.
EURUSD and DXY
No important technical update for now.
But Fed Minutes and Elections of the European Parliament is just ahead, we should be cautious on them.
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