EURUSD, GBPUSD, USDJPY, USDCHF analysis

October 30, 2013 in Forex Analysis

Looking to set EURUSD longs in the 1.3650 zone if we see buying there at support for a run to 1.4000 zone and subject to the dollar index action following FOMC today.

GBPUSD – Bearish below 1.600 for a trip back to 1.5750.

USDJPY in a range here while traders wait for the market to break. Playing the range by buying at 96.50 and selling at 100.00 zone with targets at 98.00. Risking 50-100 pips to make 150-200.

USDCHF – If FOMC today is favourable to the dollar index and it gets back above 0.900 then looking for a move back to the 0.92 zone.

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