Indeed, the spill-over reaction from last Friday's unemployment report have had a more direct impact with the USDx opening with a gap Monday at the 79.50 basis point versus the closing price of 79.30.
Undoubtedly small, but the reaction made across the board where unexpectedly stronger with the direct effect seen more with the Sterling Pound plunging to it lowest price of 1.6000 as of this writing. This added on top of the BoE unchanged stance with their monetary policies on Quantitative easing regarding their Asset Purchases that remains the same.
Sequential Trade plan & execution:
This move affected the GBPJPY cross rates retreating down to its previous support price at the 125.50 and registering a low extension at the 125.10. However, this was undoubtedly been expected based on our Market view dated the 2nd of October; as Friday's closing lower from the high alongside with the GBPUSD have indicated an exhaustive price action when the unemployment data was released. Which prompted us to settle before the closing the two (2) GBPJPY long position still above the average price entry with a net positive end-result on the way lower. Which still was an excellent strategy while leaving the AUDUSD well within it target levels to be able to maximize the market's potential heading down to the 1.0150 target objective. It only takes one (1) very good trade to be up every month spread over a well risk defined trade plan.
While the AUDUSD have indded achieve this objective registering a low at the 1.0148 at the opening of this trading week. And is currently on a corrective mode working at the 1.0203 as of this writing. This would prompt us to consider liquidation of the short-position of 1.0409 before the closing of today's North American trading sessions that would provide us a substantial net gain of over 200 pips the least. Although, the Aussie still remains bearish; following our trade plan would make more sense in doing so while watching for the next probable set-up.
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