EURUSD: – Seen consolidating at current levels after facing resistance around 1.18 levels, currently below 21 day SMA on hourly charts. Momentum indicators like RSI at 42 indicating to buy with MACD below zero line giving buy signals.
Our Preference: – Buy Below 1.1755
Target – 1.1780-1.1790
Stop loss – 1.1743
GBPUSD: – Moved higher since opening levels with sharp gain on hourly charts. Momentum indicators like RSI at 48 is neutral with MACD crossover below zero line giving buy signals.
Preference: – Buy Below 1.3370
Target – 1.34-1.3410
Stop loss – 1.33355
USDJPY: – Seen Consolidating at around current levels likely to take resistance around the horizontal blue line on top. Technical indicators like RSI at 60 and MACD crossover above zero line giving sell signals.
Our Preference: – Sell Above 110.35
Target – 109.90-110.00
Stop loss – 110.50