TRENDING:

XAU/USD

Silver

Weekly MA's: AUD/USD, EUR/USD, GBP/USD, EUR/JPY, NZD,USD, AUD/JPY

Brian Twomey Brian's Investment

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.

NZD/USD

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.

Author

Brian Twomey

Brian's Investment

Brian Twomey is an independent trader and a prolific writer on trading, having authored over sixty articles in Technical Analysis of Stocks & Commodities and Investopedia.

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