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