USDJPY (98.70)

USDJPY is moving in a nice downward trend and looking to gradually take a dip below 97.00 level. Currently selling around 98.80 seems a good trade for initial target at 97.50 which can be further extended to 96.80 level

Recommended Trade Levels

Trade: Sell USDJPY @ 98.80
Stop: 99.30
Profit Target 1: 97.50
Profit Target 2: 96.80

NZDUSD (0.5656)

NZDUSD is moving in a nice downward trend and looking to continue below 0.5600 level. Currently selling for anything above 0.5700 seems a good opportunity.

Recommended Trade Levels

Trade 1: Sell NZDUSD @ 0.5720
Trade 2: Sell NZDUSD @ 0.5795
Stop: 0.5855
Profit Target 1: 0.5620
Profit Target 2: 0.5560

USDCHF (1.1465)

USDCHF is moving in a nice upward trend and gave some very good trades this week for traders aimming at intra-day targets. Currently a good buying level can be seen around 1.1415 for target above 1.1500 level. We might see USDCHF taking a dip from 1.1550 level and close this week around 1.1500 level.

Recommended Trade Levels

Trade 1: Buy USDCHF @ 1.1415
Trade 2: Buy USDCHF @ 1.1315
Stop: 1.1265
Profit Target 1: 1.1515
Profit Target 2: 1.1550

EURUSD (1.3175)

EURUSD is currently looking to target 1.3000 at the moment but before doing so, we might see EURUSD rising to 1.3275 level and traders will look to sell EURUSD around that level for initial target at 1.3160 level

Recommended Trade Levels

Trade 1: Sell EURUSD @ 1.3275
Trade 2: Sell EURUSD @ 1.3410
Stop: 1.3450
Profit Target 1: 1.3160
Profit Target 2: 1.3075

USDJPY (99.71)

USDJPY is looking to target 99.00 level a the moment and mostly traders will look to sell it just above 100.50 level for a nice intra-day trade. RSI is at 57 and don't seemed to play much part in USDJPY movement at the moment.

Recommended Trade Levels

Trade: Sell USDJPY @ 100.65
Stop: 101.00
Profit Target 1: 99.65
Profit Target 2: 99.00