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Today’s Trading Plan 07.21.2017 – AUDJPY
*Good morning/afternoon everyone!*
The U.S. dollar is trading lower across the board this morning with Yen and NZD leading the gains. This week’s softer U.S. economic reports and lower yields are finally catching up to the greenback. Its weakness took EURO to fresh 23 month highs, GBP above 1.30 and NZD to new highs. This weakness is likely to continue into next week’s FOMC meeting. Canadian retail sales and consumer prices are scheduled for release this morning -- if they are strong, USD/CAD will hit 1.25.
*The MAIN THEMES I see today are*
+EUR, +CAD, CHF, +NZD
neutral AUD, GBP,
*Today’s Potential Ideas*
1. Sell AUDJPY at market 88.32, Stop at 88.72, Target 88.02
Cancel ALL pending orders by 3:30PM NY / 19:30 GMT / 5:30AM AEST
Close ALL open day trades by 4PM NY / 20 GMT / 6AM AEST