Trades count until 10:00 am then out as part of my disciplinary rules.
EUR/USD target 1.1268 upon break of 1.1247 and 1.1257 dead stopped at next reported level at. 1.1281. Off slightly 13 pips from target. From 1.1281, reversed 30 whatever pips.
GBP/USD. Supports 1.2843, 1.2850, GBP violated to 1.2846 then bounced to mentioned 1.2901, dead stopped and reversed. Target was 1.2922 and 1.2938 upon break of 1.2900. Mentioned, GBP/USD would struggle above 1.2901. Wasn’t thrilled with the GBP set up today as the inside baseball story to price is triggers weren’t perfectly aligned.
EUR/JPY. Mentioned, EUR/JPY would struggle to go higher in 125.50’s and 125.60’s. Mentioned bottom side was wide open to 124.87, 124.71 then bottom at 124.56. EUR/JPY hit 124.47, bottom 9 pips off my bottom at 124.56. Then bounced. An overall break point level to achieve 124.87 and lower failed to report on purpose.
USD/CHF. Must breaks below 0.9685, 0.9675 then bottom 0.9662. Achieved. But violated 24 pips to 0.9638 as a result of EUR/USD at 1.1281 then bounced.
USD/CAD. Range held from 1.3569 to 1.3469. CAD dropped to 1.3492, above 1.3485 and 1.3469. Then bounced. Mentioned 1.3550’s would struggle to go higher.
USD/JPY. 112.05 to 112.27 would struggle to go higher. Must break higher was 111.80 and 111.99. Bottom at 111.02 upon break at 111.31 and 111.15 violated.
My sincere mistake to not report further break point at 110.60. At 110.60 violated 18 pips to 110.42 then bounced.
GBP/JPY. Mentioned 144.01 would begin struggle higher. GBP/JPY broke reported 143.38 and 143.11 to Bottom at 142.93.
GBP/JPY violated 142.93 to 142.02 by 91 pips. GBP/JPY also violated reported vital point at 142.40. GBP/JPY was way off today and this happens with GBP/JPY every so often. Vast majority of days, GBP/JPY hits perfect to near perfect. My mistake to not look at lower 142.00’s. Yet everyone was quite satisfied with the further drop.
Missing in this list was further daily pairs AUD/USD, NZD/USD, EUR/AUD and EUR/GBP. In AUD/USD, EUR/GBP and EUR/AUD was perfect while NZD was slightly off. One caveat, we don’t trade EUR/AUD as EUR/AUD.
Part of today’s volatility was the result of Fed Funds close at 0.81 and 47,000 in NFP’s.