What are your thoughts for today?
There’s no need to rehash what went on last night. We’ve had the what’s why’s and wherefore’s so it’s all about what happens now. Real traders spend their time looking forwards not backwards. I do hope none of you got caught on the wrong side of those moves and that some of you even got a nice profit bonus if you were the right side of them.
For today, it’s all about what happens next. So far, the market has found its comfort level and for some pairs we’re back (or are not too far off) where things were before it happened.
For me, I’m more inclined to be a buyer in USDJPY right now but there still might be value with very tight shorts into 108, with a switch into longs if it breaks and we get a confirmation hold. As per my video a short while ago 106.60/80-107.90/108.00 is the battleground
For EURUSD, I’m still looking to play the 1.12-1.15 range.
Over to you guys and girls to let us know how you handled the night’s moves and how you see things now. Let us know in the comments. Also, feel free to ping us any questions about the events overnight if you’re feeling a little confused about it all.