USDJPY (89.04)

USDJPY is moving nicely in its downward trend and seems to stay that way for for next couple of days.

Traders will look to sell USDJPY around 89.80 for initial target of 100 pips.


Recommended Trade Levels

Trade: Sell USDJPY @ 89.80
Stop: 90.30
Profit Target 1: 88.80
Profit Target 2: 88.35

EURUSD (1.3429)

EURUSD is gradually settling in its downward trend and is looking to tatget 1.3150 level. Currently a good sell is seen around 1.3625 level for target around 1.3425 level which could then be extended to 1.3225.




Recommended Trade Levels

Trade: Sell EURUSD @ 1.3625
Stop: 1.3675
Profit Target 1: 1.3425
Profit Target 2: 1.3225

EURUSD (1.3725)

EURUSD is gradually moving in its upward trend and is giving intra-day traders some good trades with short range profit targets. Currently a good buy is seen around 1.3625 level for target around 1.3825 level. Larger profit target might not come into play during this trade as we might see EURUSDstaying below 1.3900 level.




Recommended Trade Levels

Trade: Buy EURUSD @ 1.3625
Stop: 1.3575
Profit Target 1: 1.3725
Profit Target 2: 1.3825

GBPUSD (1.4930)

GBPUSD has broken an important level at 1.4850 and now it seems that GBPUSD is looking to target 1.5250 level. Currently a good trade is seen arround 1.4815 and buying GBPUSD around that level for initial target around 1.5110 level seems a good opportunity. The profits can be extended by targetting 1.5250 and protecting profits by using trailing stop.




Recommended Trade Levels

Trade: Buy EURUSD @ 1.4810
Stop: 1.4760
Profit Target 1: 1.5510
Profit Target 2: 1.5250

EURUSD (1.3634)

EURUSD seemed to have settled into its downward trend and is looking to break below 1.3600 level. Break of 1.3600 will take EURUSD towards 1.3100 level.

Traders will look to sell EURUSD around 1.3710 level for initial target at 1.3510 level which can be extended to 1.3350 level.

The position can be averaged out if EURUSD rise to 1.3830 level.


Recommended Trade Levels

Trade 1: Sell EURUSD @ 1.3710
Trade 2: Sell EURUSD @ 1.3830
Stop: 1.3870
Profit Target 1: 1.3510
Profit Target 2: 1.3350