EURUSD: – On Daily charts pair is seen consolidating since last 4 session at current levels. Momentum indicators like RSI indicating to buy with MACD below zero line giving buy signals.
Our Preference: – Buy below 1.1960
Target – 1.1980-1.1990
Stop loss – 1.1940
GBPUSD: – Currently trading below 5 day SMA, seen recovering on daily charts. RSI indicating to buy with MACD below zero line giving buying signals.
Preference: – Buy around 1.3530
Target – 1.3560-1.3565
Stop loss – 1.3517
USDJPY: – Pair has formed doji pattern on daily charts, on hourly charts currently trading above 21 day SMA. RSI indicating to sell and MACD above zero line giving sell signals.
Our Preference: – Sell around 109.30
Target – 109.00-109.05
Stop loss – 109.42