NZDUSD (0.6438)

NZDUSD is steadily moving in an upward trend and it seems to stay that way during this week as well. Currently traders might wait to let NZDUSD some retrace and then buy it initially around 0.6365 level and if retracement is extended, the positions can be averaged by a second entry around 0.6245 level. The initial target will be above 0.6450 level.

Recommended Trade Levels

Trade 1: Buy NZDUSD @ 0.6365
Trade 2: Buy NZDUSD @ 0.6245
Stop: 0.6200
Profit Target 1: 0.6465
Profit Target 2: 0.6565

USDJPY (98.41)

USDJPY is gradually moving towards 99.00 level. Currently traders with
small stop and small profit target will have lots of opportunities.
Currently a good trade can be seen around 97.70 level.

Recommended Trade Levels

Trade 1: Buy USDJPY @ 97.70
Stop: 97.30
Profit Target 1: 98.50
Profit Target 2: 98.85

EURUSD (1.3988)

EURUSD took a nice retracement dip and resumed it upward trend as expected
in weekly analysis. Now EURUSD seems all set to target 1.4250 level at the
moment but traders will be hoping to get EURUSD around 1.3930 level to buy
it for targets above 1.41oo level.

Recommended Trade Levels

Trade 1: Buy EURUSD @ 1.3930
Trade 2: Buy EURUSD @ 1.3800
Stop: 1.3750
Profit Target 1: 1.4130
Profit Target 2: 1.4230

USDJPY (98.84)

USDJPY is moving towards it target at 98.80 and break of that important
level will set up scenario for target at 101.30 level. Currently traders
will look to buy USDJPY around 98.25 level and if required, it can be
averaged out around 97.60 level.

Recommended Trade Levels

Trade 1: Buy USDJPY @ 98.25
Trade 2: Buy USDJPY @ 97.60
Stop: 97.10
Profit Target 1: 99.25
Profit Target 2: 99.75

USDJPY (96.81)

USDJPY is moving towards it target at 97.60 and break of that important
level will set up scenario for target at 100.00 level. Currently traders
will look to buy USDJPY around 96.10 level for a nice intra-day trade.

Recommended Trade Levels

Trade: Buy USDJPY @ 96.10
Stop: 95.75
Profit Target: 96.75