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

EURUSD (1.3582)

EURUSD seems to set itself up for a nice move below 1.3400 level and traders will look to sell it for anything above 1.3600 level. Even the long term traders will look to sell EURUSD and once it break below 1.3400 level, we will see them aimming for a quick move towards 1.4050 level.

Recommended Trade Levels

Trade 1: Sell EURUSD @ 1.3620
Trade 2: Sell EURUSD @ 1.3730
Stop: 1.3900
Profit Target 1: 1.3420
Profit Target 2: 1.3080

EURUSD (1.2700)

EURUSD has moved back nicely into its dowward trend and this trend seems to extend well towards 1.2400 level. RSI in daily charts is also above 44 and have very much space for EURUSD to move towards 1.2400 level.

Currently a good selling can be seen at 1.2800 for intial target at 1.2650 level.

In case EURUSD rise above 1.2900 level, the second sell at 1.2925 to average both positions will be a very good opportunity.


Recommended Trade Levels
Trade 1: Sell EURUSD @ 1.2800
Trade 2: Sell EURUSD @ 1.2925
Profit Target 1: 1.2650
Profit Target 2: 1.2560

GBPUSD (1.5405)

GBPUSD
(1.5405)

GBPUSD is currently looking to extend its move towards 1.5700 level, therefore traders will look to buy GBPUSD on dips.

Currently a good buying level can be seen at 1.5360 level and buying around that level for initial target around 1.5473 level seems a good entry. The profit level can be further extended towards 1.5700 level.

In case GBPUSD takes a deeper dip below 1.5200 level, the position can be averaged at 1.5160


Recommended Trade Levels

Trade 1: BUY GBPUSD @ 1.5360
Trade 2: BUY GBPUSD @ 1.5160
Profit Target 1: 1.5473
Profit Target 2: 1.5700