GBPUSD (1.4200)

All major currencies are not clearly breaking into any direction at the moment. Therefore only trades with small targets are seen.
GBPUSD took a dip below 1.4200 level and we might see it taking out 1.4100 level but before that it might take some retracement towards 1.4400 level and selling around that level seems a good trade. If GBPUSD manages to break 1.4100 level, then we should expect sharp selling from GBPUSD.

Recommended Trade Levels

Trade: Sell GBPUSD @ 1.4390
Stop: 1.4440
Profit Target 1: 1.4290
Profit Target 2: 1.4190

GBPUSD (1.4569)

GBPUSD seems to stay between 1.4400 and 1.4600 level and traders will look to focus around those levels. A good buying level can be seen around 1.4370 level foe a nice move above 1.4550 level. The trade can be averaged out if GBPUSD takes a dip towards 1.4250 level.


Recommended Trade Levels

Trade 1: Buy GBPUSD @ 1.4370
Trade 2: Buy GBPUSD @ 1.4250
Stop: 1.4200
Profit Target 1: 1.4550
Profit Target 2: 1.4650

GBPUSD (1.4215)

GBPUSD is looking to target 1.4050 level. Currently traders will look to sell GBPUSD around 1.4270 for initial target around 1.4125 level.


Recommended Trade Levels

Trade: Sell GBPUSD @ 1.4270
Stop: 1.4320
Profit Target 1: 1.4125
Profit Target 2: 1.4050

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