USDJPY (89.48)

USDJPY seems to target 88.50 next and traders will look to sell USDJPY around 89.85 level. RSI is at 44 in daily charts and don't seems to play much part in USDJPY movement at the moment. Traders looking to target larger profit will look to target 87.50 level.


Recommended Trade Levels

Trade: Sell USDJPY @ 89.85
Stop: 90.35
Profit Target 1: 88.85
Profit Target 2: 87.85

GBPUSD (1.4538)

GBPUSD seems to be heading towards 1.4600 level and we might see GBPUSD taking dip from there. Selling GBPUSD around 1.4635 seems a good opportunity. In case GBPUSD takes an extended move above 1.4750 level, the trade can be averaged out by selling another GBPUSD around 1.4750 level


Recommended Trade Levels

Trade 1: Sell GBPUSD @ 1.4635
Trade 2: Sell GBPUSD @ 1.4750
Stop: 1.4850
Profit Target 1: 1.4480
Profit Target 2: 1.4350

EURUSD (1.2957)

EURUSD seemed to have completed its correction and has nicely settled back into its downward trend. Primarily it is looking to target 1.2800 level and after break of which EURUSD will look to touch 1.2600 level. Traders will look to sell EURUSD around 1.3065 level.


Recommended Trade Levels

Trade: Sell EURUSD @ 1.3065
Stop: 1.3115
Profit Target 1: 1.2865
Profit Target 2: 1.2765

USDCAD (1.2270)

USDCAD is looking to target 1.2100 level at the moment and traders will look to sell USDCAD on rise above 1.2300 level. Break of 1.2100 level will take USDCAD towards 1.1900 level.


Recommended Trade Levels

Trade 1: Sell USDCAD @ 1.2330
Trade 2: Sell USDCAD @ 1.2430
Stop: 1.2500
Profit Target 1: 1.2150
Profit Target 2: 1.2000

EURUSD (1.2985)

EURUSD is looking to set itself up for another move towards 1.2700 level but we might see EURUSD tak9ng some retrace and rising above 1.3000 level before that. Look to sell EURUSD on rising to 1.3065 level for initial target at 1.2900 level.


Recommended Trade Levels

Trade: Sell EURUSD @ 1.3065
Stop: 1.3115
Profit Target 1: 1.2900
Profit Target 2: 1.2765