Good Morning all.

A fantastic start to the week yesterday with all the Yen pairs behaving nicely for us.
GBPJPY did hit the 132.00 final target so hoping that a few of you managed to stay in from the 135.50 level.
Well done especially to Nicola who scooped a whopping 1200 pips in total. Congratulation to you. Very well done indeed.

Onto this mornings session we are now witnessing so consolidation after the falls and with USDCHF looking like she wants to push a little higher, have not got the uniform correlation between my 6 pairs that I like to see.
It looks like a push past 1.1225 might see this back at 1.1600 at some point.

USDJPY-Very weak but does need to retrace a bit. Nothing but red on 4hr chart for over a week so would like to see a pullback before taking any action on this one.

GBPJPY-Looks set to take on the 130.00 level again which is bizzarre considering this pair once traded at 500.00!
I won't be looking to trade this pair this morning and still have a tiny part-position from yesterday. Again, needs a pullback.

EURJPY-Just a huge huge wall of red on 4hr chart this can not realistically fall anymore. Rather darinly we managed to get 100 out of this yesterday afternoon, so well done to those who traded this.

USDCHF-Looks likely to push higher IF the resistance at 1.2525 gives way. Best of a bad bunch for me this a.m. but everything in correct order.
Pay attention to Dan's synopsis on EURUSD to add weight to this conclusion.

GBPCHF-Channelling in a 60-70 pip range at the moment. Looks appealling IF breaking down through 1.6490 so watch for that.

EURCHF-Looks pretty weak and a break below yesterday's low of 1.4845 would see this lower. Looks good on 4hr chart too if it takes out the long-term support at around the .30-.35 level.

to summarize....USDCHF will probably not head up IF the other swiss pairs fall.
I am more interested in a short GBPCHF and EURCHF, through 1.6490 and 1.4850 respectively.


Swiss pairs look more appealling this morning. forget the Yens

Have a good morning.

Zak

__________________
I'm now sending trading notes out twice a day with videos too. Have a look HERE.
There's one set at 6:30 UK time for London and one at 12:00 for U.S session, plus I will send a summary video after each session