GBPUSD (1.4766)

GBPUSD is looking to target 1.4850 at the moment and traders will look to
buy GBPUSD on dips preferrably for anything below 1.4650 level. Initial
profit target will be at 1.4750 which can be extended later. If GBPUSD
breaks below 1.4600 level then traders might reverse position for 1.4450
level.

Recommended Trade Levels

Trade: Buy GBPUSD @ 1.4650
Stop: 1.4600
Profit Target 1: 1.4750
Profit Target 2: 1.4850

USDJPY (97.11)

USDJPY is moving in a nice downward trend and looking to gradually take a
dip below 96.00 level. Currently selling around 98.50 seems a good trade
opportunity. Initial profit target will be somewhere below 97.00 level
which can be extended below 96.00 level.

Recommended Trade Levels

Trade 1: Sell USDJPY @ 98.50
Trade 2: Sell USDJPY @ 99.75
Stop: 100.10
Profit Target 1: 97.00
Profit Target 2: 95.50

USDJPY (98.70)

USDJPY is moving in a nice downward trend and looking to gradually take a dip below 97.00 level. Currently selling around 98.80 seems a good trade for initial target at 97.50 which can be further extended to 96.80 level

Recommended Trade Levels

Trade: Sell USDJPY @ 98.80
Stop: 99.30
Profit Target 1: 97.50
Profit Target 2: 96.80

NZDUSD (0.5656)

NZDUSD is moving in a nice downward trend and looking to continue below 0.5600 level. Currently selling for anything above 0.5700 seems a good opportunity.

Recommended Trade Levels

Trade 1: Sell NZDUSD @ 0.5720
Trade 2: Sell NZDUSD @ 0.5795
Stop: 0.5855
Profit Target 1: 0.5620
Profit Target 2: 0.5560

USDCHF (1.1465)

USDCHF is moving in a nice upward trend and gave some very good trades this week for traders aimming at intra-day targets. Currently a good buying level can be seen around 1.1415 for target above 1.1500 level. We might see USDCHF taking a dip from 1.1550 level and close this week around 1.1500 level.

Recommended Trade Levels

Trade 1: Buy USDCHF @ 1.1415
Trade 2: Buy USDCHF @ 1.1315
Stop: 1.1265
Profit Target 1: 1.1515
Profit Target 2: 1.1550

EURUSD (1.3175)

EURUSD is currently looking to target 1.3000 at the moment but before doing so, we might see EURUSD rising to 1.3275 level and traders will look to sell EURUSD around that level for initial target at 1.3160 level

Recommended Trade Levels

Trade 1: Sell EURUSD @ 1.3275
Trade 2: Sell EURUSD @ 1.3410
Stop: 1.3450
Profit Target 1: 1.3160
Profit Target 2: 1.3075

USDJPY (99.71)

USDJPY is looking to target 99.00 level a the moment and mostly traders will look to sell it just above 100.50 level for a nice intra-day trade. RSI is at 57 and don't seemed to play much part in USDJPY movement at the moment.

Recommended Trade Levels

Trade: Sell USDJPY @ 100.65
Stop: 101.00
Profit Target 1: 99.65
Profit Target 2: 99.00

USDCAD (1.2388)

USDCAD is looking to target 1.2200 level and mostly traders will look to sell it just above 1.2400 level for a nice intra-day trade. RSI is at 45 and don't seemed to play much part in USDCAD movement at the moment. Break of 1.2200 level will setup 1.2000 as next target but 1.2200 is a strong level and we might see a rise from that level.

Recommended Trade Levels

Trade: Sell USDCAD @ 1.2420
Stop: 1.2470
Profit Target 1: 1.2330
Profit Target 2: 1.2260

USDJPY (100.26)

USDJPY is looking to target 100.50 level and we might see it taking a dip below 100 level. Currently traders will look to buy USDJPY around 99.80 level for initial target around 101.00 level.

Recommended Trade Levels

Trade 1: Buy USDJPY @ 99.80
Trade 2: Buy USDJPY @ 98.50
Stop: 97.50
Profit Target 1: 101.00
Profit Target 2: 101.50

USDJPY (99.50)

USDJPY is looking to break above 100.00 level and we might see it extending towards 101 level very soon. Currently traders will look to buy USDJPY around 99.00 level for initial target around 100.00 level. RSI is at 60 in daily chart and thus seemed to have more than enough space to allow USDJPY to break above 100.00 level.

Recommended Trade Levels

Trade 1: Buy USDJPY @ 99.00
Trade 2: Buy USDJPY @ 98.50
Stop: 98.00
Profit Target 1: 100.00
Profit Target 2: 100.50

GBPUSD (1.4417)

GBPUSD seems to be completing its retracement and getting ready to take a dip towards 1.4200 level. It seems that the retracement will be completed around 1.4475 level and traders will look to sell GBPUSD around that level for initial target around 1.4275 level which can be further extended to 1.4175 level.

Recommended Trade Levels

Trade 1: Sell GBPUSD @ 1.4475
Trade 2: Sell GBPUSD @ 1.4575
Stop: 1.4625
Profit Target 1: 1.4275
Profit Target 2: 1.4175