My attention was first drawn to USDCAD this morning. Imagine my frustration with seeing that the pair hit 1.2750 just like I predicted two days ago; unfortunately, I didn't benefit from that move because I was stopped out yesterday. Oh well! You win some and you lose some I guess.

USD was strong against all the majors today except CAD. This moved GBPUSD lower by more than the average daily range of 90pips...I therefore expect a retracement to the 50Hr EMA since I couldn't see any reason for the move. This event caused most GBP pairs to form a hammer for 1500GMT candle which suggests a u-turn. So, I bought GBPUSD and GBPAUD.

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