EURUSD (1.2544)

EURUSD is moving nicely in its downward trend and seems to continue in next week as well. But before that an upward retracement is expected and agressive traders will look to buy EURUSD around 1.2500 level to capture that move. Other traders might just sit back and wait it to complete its retracement.

Recommended Trade Levels

Trade: Buy EURUSD @ 1.2510
Stop: 1.2460
Profit Target 1: 1.2610
Profit Target 2: 1.2720

USDJPY (99.31)

USDJPY is looking to target 100 level at the moment and its upward trend seems to stay for another day or so. Currently traders wikl look to buy USDJPY around 98.50 for a nice move towards 100 level. More conservative traders might target entry around 98.00 level

Recommended Trade Levels

Trade 1: Buy USDJPY @ 98.50
Trade 2: Buy USDJPY @ 98.00
Stop: 97.50
Profit Target 1: 99.50
Profit Target 2: 100.00

USDCHF (1.1699)

USDCHF seems to be gradually moving towards 1.1850 level but at the same time it is providing good entries for traders looking to target intra-day trades. Currently a good buy can be seen around 1.1640 level for another intra-day trade.

Recommended Trade Levels

Trade: Buy USDCHF @ 1.1640
Stop: 1.1595
Profit Target 1: 1.1740
Profit Target 2: 1.1850

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