Sep 13 2018

Trade idea for the day

EURUSD: After a vertical rise in hourly chart, the pair now has started consolidating in a narrow 20 pips range. Immediate support of 50 period EMA is seen at around 1.1610-20, RSI is in neutral stage at 55 mark.

Our Preference: – Buy at 1.1615-20

Target –1.1648

Stop loss – 1.1605

GBPUSD: The pair seems holding the 50 period EMA support on a 30 minutes chart. RSI (14 period) is just above 50 mark or looking to be in a neutral zone.

Our Preference: – Buy at 1.3040

Target – 1.3070

Stop loss – 1.3025

USDJPY: The pair seen facing a downward sloping trend line resistance at 111.46 mark, an inverted hammer is also formed at the top of its resistance. Immediate support of 200 period SMA is a t around 111.25.

Our Preference: – Sell at 111.43

Target – 111.25

Stop loss – 111.50