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Thursday, 30 May 2013

LONDON CLOSE - Roundup

A little early for a roundup, but the picture is clear by now.

As I forecast this morning, it was indeed a good day to go long against the USD, especially with EURUSD and GBPUSD.

JPY is slightly stronger but EUR is strongest of all.

This will be great news if you are still long EURUSD and/or GBPUSD from yesterday's MTFM trade with an entry at about 1.2893 on EURUSD and 1.5097 on GBPUSD. At the time of writing you would be up about 150 pips on EURUSD and 110 on GBPUSD.

The strong bullish moves in EURUSD and GBUSD will probably also give good opportunities for Demand Return trades tomorrow.



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