May 29 2018

Trade Idea for the day

EURUSD: – Pair has recovered from lows of 1.16 which seem to be a key support for the pair. Technical indicators like MACD crossover below zero line and RSI indicating bullish signals.

Our Preference: – Buy Below 1.1630

Target – 1.1660-1.1670

Stop loss – 1.1615

GBPUSD: – Broken past the trend line resistance likely to head higher. Momentum indicators like RSI is neutral with MACD below zero line giving buying signals.

Preference: – Buy below 1.3320

Target – 1.3350-1.3360

Stop loss – 1.3307

USDJPY: – Likely to head towards trend line resistance, seen consolidating at current levels. Technical indicators like MACD below zero line and RSI giving buy signals.

Our Preference: – Buy below 109.10

Target – 109.40-109.50

Stop loss – 108.97