• EUR/USD: short (a stop-loss order at 1.1878; the initial downside target at 1.1343)
• GBP/USD: short (a stop-loss order at 1.3256; the initial downside target at 1.2923)
• USD/JPY: half of the long positions (a stop-loss order at 112.47; the next upside target at 114.03)
• USD/CAD: none
• USD/CHF: none
• AUD/USD: none

Today’s Forex Trading Alert is going to be very brief as nothing really changed as far as the outlook is concerned. There is a tiny pause in the Japanese yen, while both European currencies in which we have positions: the Euro and the British Pound have moved lower, thus increasing our profits on these positions. The USD Index is moving higher, as we have indicated in our yesterday’s analysis. It seems that this move will continue in the following weeks and that our current speculative positions will become even more profitable.

Thank you.

Nadia Simmons
Forex & Oil Trading Strategist
Przemyslaw Radomski, CFA
Founder, Editor-in-chief, Gold & Silver Fund Manager

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