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Trader, analyst and instructor with a 6-year experience

UBS: short-term FX forecasts

Here are UBS latest short-term trading strategies for EUR/USD and USD/JPY.

"EUR/USD: Stay short and add on move to 1.2440-50 with stops at 1.2510. We expect some buying interest around 1.2350 but sellers will be lined up above 1.2500. 

USD/JPY: With demand on dips still likely, buy USDJPY around the overnight low of 117.60 with stops below 117.30, Friday's low."

 

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