Tuesday 2 April.

With yesterday's trade complete, nothing has happened to change my view. Attempts from the PBOC to sell USD CHN and the BOJ's verbal warnings has not affected USD strength. And whilst 'the market' is only pricing in 2 US rate cuts this year, I expect the USD to remain strong.

Today's agenda sees Germany CPI (a lower than expected reading could add to EUR weakness). Plus US job openings data and a slew of FED speakers (I'd be surprised if there was any 'dovish' talk given yesterday's ISM data).

As previously mentioned, whilst CHF JPY remains under pressure on the 4hr chart, the CHF is my preferred currency to short. And I'm currently waiting for a pullback creating 1hr support. Looking at the USD CHF chart, the close of a weekly 'down swing' around 0.9140 is the next 'significant' resistance.

Feel free to email any questions: johnelfedforexblog@gmail.com