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US midterms made for a more animated Asia session — The attention will now return to Brexit, trade wars, Italy, and the size of Kim Kardashian’s rear bumper.
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Good Morning – still long the pound so happy to ride this one and see where it takes us – just watching price action for any signs the rally may come to a halt but 1.32 looks like the next stop on the Brexit train if it goes straight there without any stop I would expect some pullback so at that point I would probably take some profit and wait for support to go long again
Morning FXJ.
That’s my thinking too. 1.32 found resistance the last time we were in a positive Brexit phase.
Great minds think alike
I wouldn’t like to see deep into Ryan’s mind Johnners . You could never recover ?
Hope ryan;k-man-dubs &co r doing’ fine: Pips&profit-wise.. As far as trade ideas’ go__Sell USD$ into year-end, particularly on usdcad/usdchf/usdjpy Traget February-april lows respectively.. Our usdsgd shorts finally crack 1.37– Let the fun begins:)
Yo Jimbo
$USD is looking knackered agree… Nice targets , wish you luck .
I think we’re all managing to keep the wolves from the door 😉
Ahoy hoy.
The mighty Asia session did it again and busted some decent moves instead of dad dancing into Europe.
Some very tired traders in the room after all that midterm madness.
I’ve closed half my cable and EURUSD longs a few minutes ago. I haven’t suddenly gone all bearish. I want something to show for all the sweating through the US election results. Never a bad time to take some profits off the table.
That’s all I have onboard at present. I had a go at shorting the Down Jones futures again in the last session before it flipped back on me and took me out .Definitely one to watch at these current levels,.as we are creeping up into some resistance once again. I’m finding the crosses much more difficult to read than the USD pairs. Maybe see some chances later.
Have a super day ?
Good morning all
We’ve finally woken up after two days of tight ranges.
The question now is do we see the bigger levels hold or break.
I’ve got a lot of hesitation at the moment. I fancied buying USDJPY on the earlier look at 113.00 but held off. Fancied buying EURUSD at 1.1473/75 when it looked like running higher. I’ve held off shorting into 1.1500 for a usual big fig play.
I get the feeling that the market doesn’t really know itself what to do. We’ve had no dramas from the elections so this might just be a risk relief rally.
I’ll let the levels do the talking but I think I want to see how the US reacts to all this before deciding how things stand.