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……………..
