• 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. The USD index is moving lower today, but it’s after a sizable short-term rally so a quick pause here is quite natural. It doesn’t invalidate the points that we made in the previous Alerts. The positions that we have in the EUR/USD, GBP/USD, and USD/JPY are likely to become even more profitable in the coming days and weeks.

Thank you.

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

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