Weekly MA's: AUD/USD, EUR/USD, GBP/USD, EUR/JPY, NZD,USD, AUD/JPY
|As stated in the weekly GBP trade post, 20 + currency pairs opened Sunday night just above or below vital MA Points.
GBP/USD was first today to break our reported 1.2819 long point and target at 1.2953 fell 22 pips before target to trade at 1.2931.
The trade profit was +112 pips.
The short as written at 1.2953 to target 1.2853 traded to 1.2827 lows for +104 pips.
Fairly uneven price paths as price fell short of targets.
2 trades, 1 day + 216 pips.
GBP/JPY
Long 134.07 and 133.92 to target 135.66
Lows 134.39 and 32 short of entry yet target completed at 135.66.
2nd Leg
Long 135.82 traded to 136.23 for +41 pips however 136.93 not yet completed.
AUD/USD
At reported 0.7066 is today 0.7046. Provided AUD/USD remains above 0.7046 then targets become low 0.7300's. Below 0.7046 targets 0.7001 and 0.6957.
GBP/USD
1.2819 is today 1.2813. Provided 1.2813 holds then targets becomes low 1.3000's.
Below 1.2813 then we refer to weekly long point at 1.2600's.
EUR/USD
At reported 1.1609 is now 1.1597. Above targets low 1.1900's and 1.1300's below.
MA 0.6557 is now 0.6543 and NZD trades above. If 0.6543 holds then targets become high 0.6600's.
USD/JPY
As reported 105.96 is now 106.02 and below targetsw 104.99 then 104.75.
EUR/JPY
As reported 122.98 is now 122.92. Above targets 124.35 easily.
AUD/JPY
As reported 74.84 is now 74.68 and AUD/JPY trades above to target 76.14 easily.
USD/PLN
Now trading at our weekly short point at 3.9366 and 3.9455.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.