Aug 29 2018

Trade idea for the day

EURUSD: The currency pair had breaks down the upward sloping trend channel on a hourly chart, signalling bearish bias for intraday.

Our Preference: – Sell at 1.1673

Target –1.1640

Stop loss – 1.1688

USDJPY: The pair is trading in a symmetrical triangle range on a one hour chart and at present USDJPY is trading close to its resistance zone.

Our Preference: – Sell at 111.24

Target – 111.00

Stop loss – 111.36