EURUSD: – Trading above 21 Day SMA on hourly charts, EURUSD seen taking resistance at around horizontal blue line on top. Momentum Indicators like RSI is heading towards overbought territory with MACD crossover above zero line giving sell signals.
Our Preference: – Sell at 1.2385-1.2390
Target – 1.2335-1.2340
Stop loss – 1.2406
GBPUSD: – Momentum indicators like RSI is in overbought territory and MACD crossover above zero line giving clear indication of some correction in the pair.
Our Preference: – Sell at 1.4365-1.4370
Target – 1.4330-1.4335
Stop loss – 1.4391
USDJPY: – Not seen holding below 107 levels is trading below around 14 Day SMA on hourly charts, momentum indicators like RSI and MACD below zero line giving buy signals in the pair.
Our Preference: – Buy below 107.00
Target – 107.35-107.40
Stop loss – 106.83