Review of G3 trades

EUR/JPY:

Triggered sell at 111.25-111.75 (high of 111.43) and has reversed sharply from there to 108.80 above support at 108.50 (lower end of set near term range of 108.50-111.50). Now leave trail stop above 109.50 and t/p above 107.50. The new range will be at 107.50-110.50. Look to sell again at 110.25-110.75 (with stop above 111) for 105.75. This will complete one round of end-to-end trade of strategic positions with buy at 105.75-105.25 and sell at 111.25-111.75.

USD/JPY:

Triggered both the sell level at 84.00-84.25 (high of 84.09) for reversal into the buy level of 82.75-82.50 (low of 82.75). Now, the pair should find support at 82.00-81.75 before sharp reversal into 84.00-84.25 ahead of 85.00-85.50. Buy at 82.25-81.75 (with stop below 81.50) for 84.00-84.25

EUR/USD:

Triggered the sell level at 1.3275-1.3325 (high of 1.3286) for sharp reversal into t/p at 1.3150 (low of 1.3135). Now, watch consolidation at 1.3050-1.3250 with overshoot limited to 1.2975-1.3325. Trade end-to-end of this range.

Moses Harding