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

GBPUSD (1.4250)

GBPUSD is currently looking to target 1.4200 level and break of that will set 1.3800 as next target which can be further extended. Traders will look to sell GBPUSD around 1.4290 level and if GBPUSD move above 1.4400 level, another good sell can be seen around 1.4450 for initial targets around 1.4150 level.

Recommended Trade Levels

Trade 1: Sell GBPUSD @ 1.4290
Trade 2: Sell GBPUSD @ 1.4450
Stop: 1.4500
Profit Target 1: 1.4150
Profit Target 2: 1.4030

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

GBPUSD (1.4555)

GBPUSD took good rise towards 1.4700 level and traders will now look to buy GBPUSD on dips for retracements. The first entry level can be seen around 1.4480 and if GBPUSD takes more dip, then it can be further averaged out by buying again around 1.4350 level. It seems that GBPUSD is looking to touch 1.4650 level

Recommended Trade Levels

Trade 1: Buy GBPUSD @ 1.4480
Trade 2: Buy GBPUSD @ 1.4350
Profit Target 1: 1.4600
Profit Target 2: 1.4700

GBPUSD (1.4499)

GBPUSD took good rise towards 1.4600 level and traders will now look to buy GBPUSD on dips for retracements. The first entry level can be seen around 1.4360 and if GBPUSD takes more dip, then it can be further averaged out by buying again around 1.4130 level. It seems that GBPUSD is looking to touch 1.4650 level

Recommended Trade Levels

Trade 1: Buy GBPUSD @ 1.4360
Trade 2: Buy GBPUSD @ 1.4130
Profit Target 1: 1.4560
Profit Target 2: 1.4660