British Pound Hits Downside Target, Australian Dollar Sold

in Articles

Our British Pound short position has met its initial objective and we have revised the profit target lower to 1.50. We have also added a short Australian Dollar position and remain short the Euro and long the Yen against the US Dollar.

EURUSD: Positioning Little Changed as Prices Stall Above 1.35
USDJPY: Remain Short as Sellers Regain Momentum
GBPUSD: Initial Objective Met, Targeting 1.50 From Here
USDCAD: Long Entry Sought as Resistance Gives Way
AUDUSD: Short Position Taken as Prices Clear Support
NZDUSD: Channel Guiding Prices Lower But Entry Elusive

DailyFX provides forex news on the economic reports and political events that influence the currency market.
Learn currency trading with a free practice account and charts from FXCM.

0 Comments

Leave a Reply

XHTML: These are some of the tags you can use: <a href=""> <b> <blockquote> <code> <em> <i> <strike> <strong>