My current active open positions: AUDUSD (spot + option), Silver
GBPJPY – Looking to buy on a pullback (daily chart)
Gaining 6 of the last 7 days, the GBPJPY has taken out a key role reversal level around 129 that acted as a major support 2x and then resistance. This breaking of the key role reversal level suggests a ST structural change in the price action, hence ST I’m looking to get long.
Upside I’d look to target 134 and 140. I’ll keep this bias while above 126 on a daily closing basis.
AUDUSD – Reverses From Major Resistance Zone As Suggested (daily chart)
As we’ve talked about in prior market commentaries, we felt the AUDUSD would likely sell off …