Update USDCAD:
Current Price: 1.0150 at 8:40 EDT – The CAD came within 10 pips of the buy level posted earlier at 1.0025 to 1.0035. I have seen reports of some traders jumping in this a little early and capturing 40 to 50 pips. Congratulations on those that participated in this trade.
EURJPY:
Current Price 161.25 – In my last post I stated we were reentering this combo around the 161.10 area on a buy. The pair took a nice 180 pip bounce from there back to the 162.90 level. It has now come back down and we are anticipating a fall further if it can break those former lows around 161.05.
USDCHF:
I last posted a sell zone for this pair above 1.0400 to 1.0425. The first few tries at this level provided some resistance. Ultimately the combo fell down to 1.0335 near the former lows for a nice 90 pip gain. This currency has now rebounded back and is now at 1.0470. We will hold off on further entries for now.
A reminder that we have the Non Farm Payrolls event tomorrow. I might hold off on any new entries before that and preserve the profit from the week. We have had an excellent week and wouldn’t want to jeopardize any gains.
Dustin
www.forextradersdaily.com
