Since last Friday, the back of my neck was feeling itchy and I couldn’t thinking that the USD was oversold after the FOMC.
I decided to look at the 4H charts on the GBP, EUR, JPY and AUD and here they are: –
From a technical point of view, isn’t a USD reversal a high probability???
Janet Yellen’s speech and Q&A did not warrant such a strong sell down in the USD, this is my personal opinion.
I am looking at buying put options against the majors till maybe end of April, will have to check the premiums to ascertain whether it’s expensive or not.
The saga continues……………..
The Panthenon Investment Group 