Trade Ideas are short term (mostly intraday) forex strategies realesed daily by UBS analytics. In todays release we can get to know with their ideas for such currency pairs like  EUR/USD, GBP/USD, USD/JPY, USD/CHF, EUR/JPY and EUR/GBP.

EUR/USD

We’re staying with our previous recommendation and would sell the pair closer to 1.0950, with a stop above 1.0975, targeting a move down to 1.0850.

USD/JPY

There are almost no interest in trading right now. Tomorrow is a big event in Japan, with markets closed so we stick to our last recommendation and prefer to Sell the pair around 121.50/75, with a stop above 122, targeting a move towards 120.85.

GBP/USD

Pair is trading horizontaly. We sell rallies to 1.4910/20, with a stop above 1.4930, targeting 1.4880.

USD/CHF

Buy dips to 0.9910, with a stop at 0.9900, targeting 0.9960.

EUR/JPY

Wider trend is still bearish so sell the pair around 132.50, with a stop above 132.75, targeting 131.40.

EUR/GBP

We are bears on EUR/GBP too. Sell rallies to 0.7360, with a stop above 0.7375, targeting 0.7300/10.