Today in forex trading the EUR was strong and the AUD and NZD were weak. The EUR/AUD and EUR/NZD moved up on the H1 time frames. These pairs are not trending on the larger time frames, they look like they are ranging on the H1, so we would exit any buys and treat these moves as intraday trades...
The JPY exotics should move higher tonight however all of them have nearby resistance. One pair we like is the GBP/JPY due to not having any resistance past the alarm price.
GBP/JPY – set buy alarm at 122.50, room to move up to the 125.50 resistance and the D1 trend should form past the alarm...
The AUD is weak across the board.
EUR/AUD – strong up trend look for buy signal in the main session, target is around 1.2800
GBP/AUD – strong up trend look for buy signal in the main session, target price is around 1.6000-1.6100
AUD/NZD – strong down trend set sell alarm at 1.2375...
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