UBS: fresh FX trade ideas
Here are the UBS' latest short-term trading strategies for EUR/USD, USD/JPY and GBP/USD.
EUR/USD: The pair seems to be following USDJPY moves. Stay flexible and only get involved if EURUSD goes below 1.2340 or above 1.2460.
USD/JPY: Sell USDJPY rallies towards 119.30-50 with stops above 119.70 and targeting 118.20. EURJPY is a sell on rallies to 147.60-80 with stops above 148.00, targeting 146.50.
GBP/USD: The pair may again squeeze higher into the year-end. Buy cable down to 1.5640 with a close stop and fade the rallies in EURGBP.