USDJPY(92.27)

USDJPY has resumed its downward move again after taking retracement.
USDJPY is giving intra-day traders some good trading opportunities.
Currently traders will be looking to sell USDJPY around 92.70 level for
targets around 92.00 level.

Recommended Trade Levels

Trade: Sell USDJPY @ 92.70
Stop: 93.15
Profit Target: 92.00

GBPUSD (1.6330)

GBPUSD is shaping up for a move towards 1.6200 level. Traders will
look to sell GBPUSD around 1.6375 level and if GBPUSD extend its move
above 1.6500 level, second entry to average out both position should
be the strategy. RSI is at 46 in daily charts and thus seems to play
no role in GBPUSD movement at the moment.

Recommended Trade Levels

Trade 1: Sell GBPUSD @ 1.6375
Trade 2: Sell GBPUSD @ 1.6515
Stop: 1.6575
Profit Target 1: 1.6175
Profit Target 2: 1.6050

USDJPY (93.56)

USDJPY is moving in a very nice downward trend. It currently seems that
USDCAD will keep its downward momentum and traders will look to sell it
around 93.90 level. Initial target will be around 93.20 level, which
traders might extend to 92.80 level.

Recommended Trade Levels

Trade: Sell USDJPY @ 93.90
Stop: 94.30
Profit Target 1: 93.20
Profit Target 2: 92.

USDCHF (1.0588)

USDCHF is moving in a very nice downward trend. It currently seems
that USDCAD will keep its downward momentum and long term traders will
look to sell it on rise to 1.0670 level. Initial target will be around
1.0550 level, which traders might extend to 1.0500 level. In case
USDCHF rise above 1.0750 level, the trade can be averaged out.

Recommended Trade Levels

Trade 1: Sell USDCHF @ 1.0670
Trade 2: Sell USDCHF @ 1.0770
Stop: 1.0820
Profit Target 1: 1.0550
Profit Target 2: 1.0500

USDCAD (1.0817)

USDCAD is moving in a very nice downward trend. It currently seems
that USDCAD will keep its downward momentum and long term traders will
look to sell it on rise to 1.0900 level. Initial target will be around
1.0750 level, which traders might extend to 1.0675 level.

Recommended Trade Levels

Trade 1: Sell USDCAD @ 1.0900
Stop: 1.0975
Profit Target 1: 1.0750
Profit Target 2: 1.0675