EURUSD: – On daily charts pair is seen taking support at around 1.2185 levels. RSI around oversold territory and MACD crossover below zero line giving buy signals.
Our Preference: – Buy at 1.2200-1.2210
Target – 1.2260-1.2265
Stop loss – 1.2185
GBPUSD: – Pair seen recovering after five day continuous fall currently trading above 14 day SMA. Momentum indicators like RSI around oversold territory with MACD crossover below zero line giving bullish signals.
Preference: – Buy below 1.3940
Target – 1.3970-1.3980
Stop loss – 1.3918
USDJPY: – Pair depreciated by around 1% yesterday currently trading above 21 day SMA. RSI is overbought indicating to sell with MACD crossover above zero line giving sell signals in the pair.
Our Preference: – Sell above 108.80
Target – 108.40-108.45
Stop loss – 109.02