Crude just made new highs for the year and all the commodity currencies are at new highs along with the S&P.
My cable position is looking vulnerable as USD weakness continues. Price has bounced of the weekly 1.57 level and although it's too early for a bullish reversal I am waiting to see what happens when 1.60 is tested from underneath to re-evaluate.
USDJPY is indecisive and the bullish correction is stalling which is holding down GBPJPY so holding short there. GBPCHF remains bearish but consolidating.
USDCHF looks to have good bearish momentum with support at 1.0166 before the big 1.000 level
EURUSD is strongly bullish after a pennant breakout overnight and my key support is 1.48 so I will watch price action at a pullback to there.
The commodity currencies are buys on dips ...
CRUDE short 74.88 stop 75.08 - countertrend
GBPAUD short 1.7448 stop 1.7508 target 1.7325
USDNOK banked 50% @3xR 5.5760 (+1.5%)
GBPAUD stopped out - employment news (-1.0%)
CRUDE stopped out (-1.0%)
GBPCHF short 1.6235 stop 1.6260, Ihr IB target 1.6115
GBPCHF addition stopped out (-1.5%)
-1.5% today
Open Positions:
GBPUSD short 1.6399 (23Sep) & 1.6090 targets 1.5530, 1.5250
GBPJPY short 148.45 (24 Sep) targets 140.60, 139
GBPCHF short 1.6437, targets 1.60500, 1.58
USDNOK short 5.636
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