Go With The Flow 14 January 2019

Trade thoughts and ideas for the start of the new week

Here we are with a particularly Brexit-flavoured trade ideas thread.

Friday afternoon I highlighted the low 0.89’s in EURGBP as a good looking technical support point, and that level proved its worth late last night. Had we seen that during normal hours I would have liked a long but now we’ve had one test, I’m less inclined to trade a quick return, what with the increased Brexit risk now.

USDJPY is still suggesting 108 is key to direction. I’m a potentially willing seller into 109 and less of a buyer into 108 on today’s weak bouncing PA.

Let us know your thoughts for today.

Good luck all.