The following are UBS' latest short-term (mostly intraday) trading strategies for EUR/USD, USD/JPY, and USD/CHF.
EUR/USD: In the short term it feels like the pair could be bid, but we prefer being patient and waiting for better levels to enter shorts. We expect to see buying interest on any move towards 1.1250, while sellers will be lined up ahead of 1.1500.
USD/JPY: The market has been quiet today with public holidays in Japan and the US. Asian equities are trading higher, which should support the pair. Look to buy around 120.00, with a stop below 119.60, targeting 120.50.
USD/CHF: has traded in a tight range and at the same level as where it ended last week. We believe the pair is a sell on rallies towards 0.9650, for a test of the support at 0.9565 and the more important 0.9530, which is the 200-day moving average and September low.
