We’ve covered a couple Citi trades in USD/JPY in the past couple days. The first is underwater and the second didn’t get an entry.
They didn’t like the US dollar in those trades but they like it after non-farm payrolls.
Trade #1:
- Sell EUR/USD
- Target 200-month moving average around 1.22
- Stop at 1.2875
Trade #2:
- Sell AUD/USD
- Target 0.8100-0.8200
- Stop at 0.8950
