EURUSD:- Since morning the pair is down about 25-30 pips and is about to breakdown the 1.17 mark. 14-period RSI is well below 50 region and MACD has given a bearish crossover with Signal Line.
Our Preference:-Sell at 1.1715
GBPUSD:- Bearish Divergence on a hourly chart is clearly visible, MACD bearish crossover with Signal Line has already taken place.
Our Preference:-Sell at 1.3130
USDJPY:-After a Steep fall and getting extremely oversold, the pair finally stared recovering. Momentum indicators are giving Bullish signals – RSI turned back after reaching below 30 mark with MACD bullish crossover.
Our Preference:- Buy at 111.06
Target:- 111.35 and 111.50