EURUSD: – Seen consolidating around current levels, currently trading below 21 day SMA on hourly charts. Momentum indicators like RSI at 40 indicating to buy with MACD below zero line giving buy signals.
Our Preference: – Buy Below 1.1740
Target – 1.1770-1.1780
Stop loss – 1.1725
GBPUSD: – Moved lower since the opening level, currently trading below 14 day SMA on hourly charts. Momentum indicators like RSI at 41 is indicating to buy with MACD below zero line giving buy signals.
Preference: – Buy Below 1.3335
Target – 1.3370-1.3380
Stop loss – 1.3325
USDJPY: – Seen taking resistance at around current levels, likely to head lower. Technical indicators like RSI at 60 giving selling signals and MACD crossover above zero line giving sell signals.
Our Preference: – Sell Above 110.60
Target – 110.20-110.30
Stop loss – 110.75