EURUSD: – On daily charts pair has shown recovery, currently trading around 21 day SMA on hourly charts. Momentum indicators like RSI indicating to buy and MACD below zero line giving buy signals.
Our Preference: – Buy around 1.1850
Target – 1.1880-1.1890
Stop loss – 1.1837
GBPUSD: – Pair is seen recovering ahead of BOE monetary policy, currently holding around 14 day SMA. MACD below zero line indicating to buy and RSI is neutral.
Preference: – Buy below 1.3560
Target – 1.3590-1.3595
Stop loss – 1.3540
USDJPY: – The pair moved to its highest levels in last 2 months, above 14 day SMA now. RSI indicating to sell and MACD above zero giving sell signals.
Our Preference: – Sell around 110
Target – 109.65-109.70
Stop loss – 110.15