Jun 11 2018

Trade Idea for the day

EURUSD: – Not seen sustaining above 1.18 levels, currently above 21 day SMA on hourly charts. Momentum indicators like RSI at 60 with MACD above zero line giving Sell signals.

Our Preference: – Buy Below 1.1810

Target – 1.1770-1.1780

Stop loss – 1.1825

GBPUSD: – Moved higher since opening levels likely to found resistance at around 1.3450 levels. Momentum indicators like RSI at 56 is indicating to sell with MACD around zero line giving sell signals.

Preference: – Sell above 1.3440

Target – 1.34-1.3410

Stop loss – 1.3455

USDJPY: – Pair Moved higher since the opening levels likely to take resistance around the horizontal blue line on top. Technical indicators like RSI at 61 and MACD above zero line giving sell signals.

Our Preference: – Sell Above 110

Target – 109.70-109.75

Stop loss – 110.15