Thursday, June 7, 2018

A MISCHEVIOUS GREMLIN

USDJPY and USDCHF did their best to provide the Dollar gains. While USDJPY managed to make slow but steady gains, USDCHF decided to continue to ride in a roller coaster but managed to remain above the 0.9826 low. 

Then came the Gremlin… EURUSD broke above 1.1762. So that provided me with a Sudoku problem but which has been resolved. Indeed, it has actually provided the solution for the stronger outlook – but on the downside. At the same time, GBPUSD reached the target areas I had been looking for.

Now we can swat the Gremlin… 

The Aussie appears to need just a little more on the upside before resuming the downtrend. Equally, with EURUSD pushing higher – along with USDJPY – we have moved to a rather deep pullback. 

This is the time for Dollar gains once more – but equally across all Dollar pairs…

Good trading
Ian Copsey  







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