Trade Ideas For EUR/USD, USD/JPY, GBP/USD – UBS

//Trade Ideas For EUR/USD, USD/JPY, GBP/USD – UBS

Trade Ideas For EUR/USD, USD/JPY, GBP/USD – UBS

By | 2015-02-16T12:15:42+00:00 February 16th, 2015|Business|0 Comments

The following are UBS’ latest short-term (mostly intraday) trading strategies for EUR/USD, USD/JPY, and GBP/USD.

EUR/USD: had a very quiet start to the week, holding the 1.1380-1.1440 range so far. We have very few data releases today. The pair will be news-driven as Eurozone finance ministers meet again in Brussels to try and resolve the Greek impasse. 

USD/JPY: has had a quiet start so far. Japan GDP data, released overnight, had limited impact on Nikkei. We expect the pair to trade in a tight range. Buy at 118.20/30 with stops below 117.70, for 119.20. 

GBP/USD, EUR/GBP: With massive pressure on EURGBP, we prefer selling rallies for another test of the supports. In cable, play the 1.5350-1.5500 range with a topside bias.