GBPUSD (1.4200)

All major currencies are not clearly breaking into any direction at the moment. Therefore only trades with small targets are seen.
GBPUSD took a dip below 1.4200 level and we might see it taking out 1.4100 level but before that it might take some retracement towards 1.4400 level and selling around that level seems a good trade. If GBPUSD manages to break 1.4100 level, then we should expect sharp selling from GBPUSD.

Recommended Trade Levels

Trade: Sell GBPUSD @ 1.4390
Stop: 1.4440
Profit Target 1: 1.4290
Profit Target 2: 1.4190

GBPUSD (1.4569)

GBPUSD seems to stay between 1.4400 and 1.4600 level and traders will look to focus around those levels. A good buying level can be seen around 1.4370 level foe a nice move above 1.4550 level. The trade can be averaged out if GBPUSD takes a dip towards 1.4250 level.


Recommended Trade Levels

Trade 1: Buy GBPUSD @ 1.4370
Trade 2: Buy GBPUSD @ 1.4250
Stop: 1.4200
Profit Target 1: 1.4550
Profit Target 2: 1.4650

GBPUSD (1.4215)

GBPUSD is looking to target 1.4050 level. Currently traders will look to sell GBPUSD around 1.4270 for initial target around 1.4125 level.


Recommended Trade Levels

Trade: Sell GBPUSD @ 1.4270
Stop: 1.4320
Profit Target 1: 1.4125
Profit Target 2: 1.4050

USDJPY (91.85)

USDJPY
(91.85)

USDJPY seems to have settled in a nice upward trend and therefore traders will be focused on buying USDJPY during this week. Currently buying around 91.00 seems a good entry for USDJPY for target around 92.25


Recommended Trade Levels

Trade: Buy USDJPY @ 90.95
Stop: 90.45
Profit Target: 92.25

EURUSD (1.2896)

EURUSD seemed to be getting into a sideways trend for next couple of days and this will provide traders with opportunity to trade for short profits. Currently a buying opportunity can be seen around 1.2855 level for a decent intra-day trade.


Recommended Trade Levels

Trade: Buy EURUSD @ 1.2855
Stop: 1.2800
Profit Target 1: 1.2945
Profit Target 2: 1.3000

GBPUSD (1.4890)

GBPUSD is looking to target 1.5000 level at the moment and traders will look to buy GBPUSD on dip around 1.4800 level. If the dip is extended towards 1.4650, averaging the first position will be a good option around 1.4650 level.


Recommended Trade Levels

Trade 1: Buy GBPUSD @ 1.4805
Trade 2: Buy GBPUSD @ 1.4650
Stop: 1.4550
Profit Target 1: 1.4900
Profit Target 2: 1.5000

USDCHDF (1.1610)

USDCHF is moving nicely in its upward trend and and it seems that it will complete its correction around 1.1560 level and that level also seems a good entry point. Initial target seemed around 1.1710 level.


Recommended Trade Levels

Trade: Buy USDCHF @ 1.1560
Stop: 1.1500
Profit Target 1: 1.1710
Profit Target 2: 1.1750

GBPUSD (1.4643)

GBPUSD is keeping its upward momentum going and it seems that it is looking for another move above 1.4700 level. Traders will look to buy GBPUSD around 1.4485 level for target above 1.4700 level.


Recommended Trade Levels

Trade 1: Buy GBPUSD @ 1.4485
Trade 2: Buy GBPUSD @ 1.4385
Stop: 1.4300
Profit Target 1: 1.4640
Profit Target 2: 1.4720

GBPUSD (1.4458)

GBPUSD is keeping its upward momentum going and it seems that it is looking for 1.4700 level. Some traders might look to buy it on dips and currently such buying opportunity looks around 1.4350 level.

If GBPUSD takes a dip below 1.4300, then market will become a bit tricky and most traders would like to hold back till the trend is settled to one side.
Recommended Trade Levels

Trade: Buy GBPUSD @ 1.4350
Stop: 1.4300
Profit Target 1: 1.4550
Profit Target 2: 1.4650

USDJPY (89.48)

USDJPY seems to target 88.50 next and traders will look to sell USDJPY around 89.85 level. RSI is at 44 in daily charts and don't seems to play much part in USDJPY movement at the moment. Traders looking to target larger profit will look to target 87.50 level.


Recommended Trade Levels

Trade: Sell USDJPY @ 89.85
Stop: 90.35
Profit Target 1: 88.85
Profit Target 2: 87.85

GBPUSD (1.4538)

GBPUSD seems to be heading towards 1.4600 level and we might see GBPUSD taking dip from there. Selling GBPUSD around 1.4635 seems a good opportunity. In case GBPUSD takes an extended move above 1.4750 level, the trade can be averaged out by selling another GBPUSD around 1.4750 level


Recommended Trade Levels

Trade 1: Sell GBPUSD @ 1.4635
Trade 2: Sell GBPUSD @ 1.4750
Stop: 1.4850
Profit Target 1: 1.4480
Profit Target 2: 1.4350