Today we enterered a SHORT in EUR/NOK based on general oil prices strength and Euro weakness. Profit target at 1.3230 and with a small position due to uncertainty in oil prices.

The EUR/USD seems to have finally started correcting, but there's still a lot of buying interest on the way down at various levels. We would prefer to close the trade before the end of the week due to the G7 meetings, so we will be monitoring for any adjustments. Nevertheless, profit target at 1.079 is actually way above of what we think the pair might reach, so holding the position over the weekend is highly possible still.

Our stop in the USD/JPY held overnight and based on technicals the pair could reach out profit target at 114.60 as soon as later today.

Today was a so-called super Thursday, with BOE official bank rate and related news-releases, which so the GBP react negatively. The EUR/GBP jumped up, although long-term technicals so that there's some more room before the pairs correction ends. Similarly, the GBP/USD dropped. We will be watching technicals for a GBP/USD SHORT as soon as tomorrow, while a trade in EUR/GBP will be trickier.
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