Followed by CHF and JPY

  • EURUSD 1.1745
  • USDJPY  112.82
  • GBPUSD 1.3305
  • USDCHF 0.9710
  • USDCAD 1.2515
  • AUDUSD 0.7810
  • NZDUSD 0.7185
  • EURJPY 132.50
  • EURCHF 1.1405
  • GBPJPY 150.15

The list goes on across the spectrum. US has the less unfavorable outlook let’s say as they’re negotiating the Tax Reforms while Europe and UK have their own political worries.Add a bit of risk of trading where JPY and CHF pairs remain in retreat.The tone is set beginning of this week. We are approaching major levels EURUSD 1.1710 (200 week MA), USDJPY 113.00/15 (exporter offers), CABLE 1.3260/90(trend line and short term fibo supports), which are slowing this first round but a break should equally signal accelerations for another 1% roughly in each. The geo-politicals keep a cap on the risk crosses, adding to the pressure seen on the majors. I’m trading $$ from the long side through EURUSD as per previous and added small shorts CABLE, having broken through a trend line support which came in around 1.3370 this morning,1.3340 and 1.3320(38.2 fibo of the AUG-September rally).

GBPUSD D1 02.10.17

 

K-man

Fundamentalist market maker, turned all round market taker.
Philosophy: “Cycling is good for your health, overtrading is bad”

Read how Koen got into trading here
K-man

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