The following are UBS' latest short-term (mostly intraday) trading strategies for EUR/USD, USD/JPY, and GBP/USD.
EUR/USD: had another volatile session yesterday but has opened unchanged in Europe. The moves seem flow-driven with two big themes in the background - the Greece situation and hike/no hike from the Federal Reserve. The pair should head lower overall but maintain the wide ranges. Stay flexible intraday and keep it tight.
USD/JPY: Yen crosses are trading a tad lower on profit taking. We still prefer buying USDJPY on dips to 119.00-119.30 with stops below 118.70, for 120.50.
GBP/USD: Cable has had a rather slow week so far with the focus on the rest of G10. We prefer to go long near 1.4800 with stops at 1.4750.
PS: $ 15 free when you register for binary options (4 days prior to the closing stock )
