On the Radar…

Remember it’s Easter Monday today so a lot of people will still be off but we do have ISM and Pending Home Sales out during NY session. Again, I could easily make a case for not trading today and just enjoying the long weekend… therefore, the theme for the day is, once again, stay safe and make sure you don’t get caught out on spikes and dips in this low volume.

I will be in no hurry to get into trades but overall I would say:

  • EURUSD > possible counter trend longs into London with aim to reopen shorts at bigger resistance/failure level and above.
  • GBPUSD > possible counter trend longs into London with aim to reopen shorts at bigger resistance/failure level and above.
  • USDJPY > I consider the 95 target from 90 hit, despite possible retracements, 96 is the next interim target and a weekly close in 95s would confirm this move and possible extension into 97s.

I am deliberately being vague as I do not want newbies to get caught on this holiday/low volume day.

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