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