Lets face it US dollar are in demand!
I am looking for higher DXY - however looking for a short thrust on the gbp/usd to potentially 1.3250 - 1.3450 then I wanna be short the gbp/usd to fresh new lows below 1.2400 - Looking for low risk/high probability trades - and with some swap Why not...
Recent stock markets rallies are on the heels tariff optimism. Looking at the market increase and simply the low volume rally in stocks I cannot help but think to think and anticipate some stock market weakness. I'll take a short on USD/JPY to capitalize on this.
Yen will strengthen if stocks start seeing declines.
I like the USD/JPY short here at these levels...
Head and Shoulders formation on the 4H chart. Waiting for price to break below the neckline at 1287 for an impulsive move lower to 1218.50-1220 level, which is previous resistance and then head back up break the 1400 multi year resistance. Also the selloff can be attributed to end of quarter dollar flow coming in, strengthening the dollar.
Main risks for this ...
