Feb 27 2018

Trade idea for the day – 27 Feb 2018

USDJPY :- The currency pair is looking weak on hourly chart as MACD and Signal line is giving a sell signal.

Our Preference:-  Sell at Current Market(106.86)

Target – 106.44

Stop loss – 107.00

GBPUSD :-  On a hourly chart MACD line has given a bullish crossover with Signal line. Simple moving average(3 day) crossed over (8 day) SMA.

Our Preference :-  Buy at current market(1.3470)

Target – 1.4010

Stop loss – 1.3950