Week ahead – 13.9.2010 – 17.9.2010

Looking at the charts I have something I might follow after open. I would be interested in AUDJPY pair. This pair has approached an interesting level of 78. Any direction it opens with I would probably target the level of 78.

From long term perspective I am also interested in CHFJPY pair. Looks like a reversal to me and there might be good 300pips ahead in this trade. I am still in the position which I covered in previous post. I am also interested in shorting GBP pairs. It looks promising on two pairs. Looking longer term it would be GBPCAD or GBPAUD. I am seeing more space in GBPCAD. Let's see what 1.5892 level will tell us (see image gallery)

From news perspective Monday will be flat. No major news are scheduled for this day so on one hand we might have a slow start coming on Monday. On the other hand we can expect higher volatility on Thursday where most news releases are coming out. US is gonna be major releaser so be aware to watch dollar pairs. 

In terms of C.O.T releases I can see only one opportunity – shorting GBP. Either through Currency Futures or through shorting GBP pairs like GBPCAD or GBPAUD with cautious of course. VIX looks stable and $INDEX is trading in a range since mid August. I would expect $INDEX to move lower.

That's it.
Just a thought.
Have a great trading week.