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  USD/CAD, USD/JPY and GBP/USD.

USD/CAD

After Fridays payrolls, and fairly weak Canadian employment data pair moved through 1.3390 and reach 1.3450. With current price of oil and no sign of a pick-up in Canadian data, the risk remains that USDCAD will break above the September high of 1.3458. Support is at 1.3280.

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GBP/USD

Interest has been low recently and the pair has been rather dragged around by EUR/GBP and EUR/USD moves. Even with lasts EBC message, UBS still thinks that shorts on EUR/GBP remain a good idea. Try to sell the highs as long as pair stays below 1.5170.

USD/JPY

After Fridays payrolls, pair remains a good choice for bulls, while Fed doesn’t have any purpose not to hike in two weeks. Look to buy USDJPY on dips to 122.70/80, with a stop below 122.20.