I missed the small rally during U.S session since I had an early night trying to cure my flu. Yesterday was a slow day, after the rate cut announcement spike. I got in long positions of AUD/USD, AUD/JPY, and EUR/JPY during Asian session and exited during U.K session . I exited EUR/JPY with 0.35 R loss since it was going nowhere most of the time. Not too excited, end the day with +1.2 R.
It looks like bearish USD trend is to be continued,well, at least the analysts and blogs are saying so. I am more interested to find a good entry point to join in the trend, any trend. Now the latest debate, will Aussie follow to a rate cut? uhm….