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USD/CHF - Dollar Swiss Franc
Short term (Intraday)
1,2026. USD CHF broke 1,1950 resistance. USD CHF is in an uptrend supported by 4H exponential moving averages. USD CHF is in a consolidation after the last bullish movement. The volatility decreases. Bollinger bands are tightened. RSI is in a bullish configuration. The uptrend should continue to gather momentum. The price should find a support above 1,2000. We could take a long position at 1,2000. We will put the stop loss below 1,1965 (-35 pips). The targets are 1,2150 ST (+150 pips) 1,2200 MT (+200 pips) 1,2700 LT (+700 pips).
Medium term (Daily)
USD CHF is in an downtrend directed by daily exponential moving averages. USD CHF is in a consolidation after the last bearish movement. The volatility rises. Bollinger bands are tightened. daily MACD crosses and gives a positive signal. The price should continue to consolidate. The price should find a resistance below 1,1800.
Long term (Weekly)
USD CHF is in an downtrend directed by weekly exponential moving averages. The volatility rises. Bollinger bands are drawing the trend. RSI is in a bearish configuration. The downtrend should continue on 1,1200 support.
Resistances
1,2055 - 1,2150
Supports
1,2010 - 1,2000 - 1,1970 - 1,1950

EUR/USD

The Euro slipped on the major support level of 1.2945 on yesterday, something we exected since Sunday when we published
our weekly outlook. Today we keep our eyes on the major events. Support starts and 1.2945 followed by 1.2925 and 1.2881.
Resistance is seen at 1.3026. Additional gains will target the 1.3075/85 area. Current quote is 1.2974

Recommended trades:

Long at 1.2960, t/p at 1.3, s/l @1.2945 only if the entry level will be valid during the first two hours of the European
Session.

Short at 1.2940, t/p @1.29, s/l @1.2955 - we will try a breakout scenario for the US Session when the news will be released

USD/JPY

Major support is seen at 104,37 the pair is currently trading above its EMA(50) and we expect a small retracement before, probably,
target the 105 area. Resistance is seen at 105.05 followed by 105.55. Current quote is 104.43

Recommended trades:

Long at 104.10/20, t/p @104.60, s/l @103.90

Placed a short on cable @ 18820 last night - after rather a lot of liquid refreshment. Was pleased to wake up to it not looking as bad as I thouhgt it might - so I'm sticking with it - for the time being.

Watching out for the 07:30 effect, though - could blow me out of it.

Morning, I'm long cable from 18811, first trade, hoping for the 7.30 effect ;-)

edit not the most intelligent of trades with hindsight, should have waited for 8800

prob going to be fairly quiet seymour b4 nfp/greenspan g7 weekwnd..wud not surprise if we treid to test yesterdays low 8770..but then push higher..

Thanks Mos.

Closed it flat (well +2 actually)

SC
Looking tricky this morning - am thinking of closing out for a few. Not very confident about direction ;(

[EDIT Closed out for a tiny few - might look to go long at some stage - when the fog lifts]

Limit buy in @ 18780, stop @ 60 off to work now - know what you mean about direction!

That limit buy looks good for a few. Good luck

I did what you did last night mg - 18833 - still short
and very dopey :S

Oi - who are you calling short and very dopey - I resemble that remark ;)

This morning is very, very boring - off to do some day job type stuff - so it must be bad !!

Out playing Golf this afternoon so I'll miss the excitement at 13:30 and beyond.

Be careful out there.

You lucky b%stard MG, I wish I was out playing golf

Luck doesn't come into it - I'm just a b%stard ;)

Get on with your work - wage slave !!!!

pro going 2 stay out of it this morning banging hangover....

1.30 maybe 220 rather than possibly anticipated 17/80. Bonds wouldn't like that but $US certainly would.
Maybe $US drifts down before then but then strongly up. Greenspan here at 1.45 also in the mix so high potential volatility.
Fore!!!

yep hodg agree keeping my powder dry till then..may leave a couple of entry orders over figs..to grab any usd jump..

I'm out of it too
18813

Burning the toast's more fun than this

Oooops
Glad I wasn't still holding my short for that push up. Sign of things to come perhaps.

Bob
Had an email back from Scrip - he's on - but claiming an old war wound may affect him - but, he's an out and out bandit - and anyway I've got a gammy leg too ;(

He's going to email Pin to make sure we're all on message ;)

Choccy
At least you got a few points to spread on your toast ;)

nice spike if you caught it