GBPUSD (1.4916)

GBPUSD seemed to have resumed its downward trend and is looking to target 1.4700 region once again.

Traders will look to sell GBPUSD around 1.4990 level for initial target at 1.4810 level which can be extended to 1.4710 level.

The position can be averaged out if GBPUSD rise to 1.5178 level.


Recommended Trade Levels
Trade 1: Sell GBPUSD @ 1.4990
Trade 2: Sell GBPUSD @ 1.5178
Stop: 1.5250
Profit Target 1: 1.4810
Profit Target 2: 1.4710

EURUSD (1.4270)

EURUSD is currently taking retracement and seems to set itself up to resume its upward trend very shortly.

Traders will look to buy EURUSD around 1.4075 level for initial target at 1.4300 level.

The position can be averaged out if the dip extends to 1.3970 level.


Recommended Trade Levels
Trade 1: Buy EURUSD @ 1.4075
Trade 2: Buy EURUSD @ 1.3970
Profit Target 1: 1.4300
Profit Target 2: 1.4475

EURUSD (1.3697)

EURUSD is currently looking to target 1.3870 level and from there it might take a little correction.

Traders will look to capture on opportunity by buying EURUSD on dips below 1.3600 level for initial target at 1.3700 level.

The position can be averaged out if the dip extends to 1.3475 level.


Recommended Trade Levels
Trade 1: Buy EURUSD @ 1.3580
Trade 2: Buy EURUSD @ 1.3475
Profit Target 1: 1.3700
Profit Target 2: 1.3855

GBPUSD (1.5022)

GBPUSD has moved above 1.5000 level and seems to continue towards 1.5200 level. But it seems that it might take a dip before doing so.

Traders will look to capture on opportunity by buying GBPUSD on dips to 1.4900 level for initial target at 1.5050 level.

The position can be averaged out if the dip extends to 1.4800 level. The RSI is at 46 in daily charts and thus seems to have more than enough space to break 1.2600 level.


Recommended Trade Levels
Trade 1: Buy GBPUSD @ 1.4900
Trade 2: Buy GBPUSD @ 1.4800
Profit Target 1: 1.5050
Profit Target 2: 1.5230

EURUSD (1.2715)

EURUSD is looking to set itself for a move towards 1.2600 level at the moment and selling on rise to 1.2810 level seems a good trade.

In case EURUSD extends its rise above 1.2900 level, second entry at 1.2910 will average out both positions very nicely.

The RSI is at 46 in daily charts and thus seems to have more than enough space to break 1.2600 level.


Recommended Trade Levels
Trade 1: Sell EURUSD @ 1.2810
Trade 2: Sell EURUSD @ 1.2910
Profit Target 1: 1.2650
Profit Target 2: 1.2550