EURUSD setting itself for a dip

EURUSD (1.2727)

EURUSD seems to be setting itself for dip and it seems that 1.2800 seems a very good selling level. The initial target seems 1.2600 level and some traders might look to target 1.2500 level. The traders will be quite keen to sell EURUSD around this level as it seems that once EURUSD managed to break below 1.2700 level, we might see an extended dip by EURUSD.

  

TRADE:

Sell EURUSD @ 1.2800 for Profit Level @ 1.2600 with Stop @ 1.2860

USDCHF gathering momentum

USDCHF seems to be gradullay heading towards 1.000 level and currently seems to be picking up the momentum. The traders will be looking to currently sell USDCHF on rise to 1.0300 level for a nice trade towards 1.0210 level. If USDCHF manages to break above 1.0300 level, then the next level, especially for long term traders will be 1.0390

  

TRADE:

Sell USDCHF @ 1.0290 for Profit Level @ 1.0215 with Stop @ 1.0430

EURUSD heading towards 1.3350 level

EURUSD (1.3291)

EURUSD seems to be moving in a nice upward trend and this trend seems to continue in the next coming days and it seems that it will try to break above 1.3350 level early nest week. What traders will be currently looking to do is to capture this move by Buying EURUSD for retracement dips around 1.3180 level. RSI seems a bit on the higher side but will open once EURUSD takes a bit of retracement and also will have enough space for EURUSD to make another move towards 1.3350 level.

  

TRADE:

Buy EURUSD @ 1.3180 for Profit Level @ 1.3350 with Stop @ 1.3120

USDJPY looking to continue momentum

USDJPY (86.47)

USDJPY is moving in a nice gradual downward trend, Currently traders will look to sell USDJPY on rise to retracements. Currently such good level can be seen around 87.25 level. Selling around this level for initial target around 86.00 level, break of which will set 84.50 as next target for USDJPY. The retracement don’t seems to extend too much above 87.50 level as USDJPY is moving in a nice trend.

  

TRADE:

Sell USDJPY @ 87.25 for Profit Level @ 86.00 with Stop @ 87.75

GBPUSD looking to continue its momentum

GBPUSD (1.5204)

GBPUSD is moving in a nice upward trend and seems to continue this momentum and currently traders will look to buy GBPUSD on dips around 1.5560 level. And if the dip is extended by GBPUSD, then another good buying level can be seen around 1.5450 level. RSI is a bit on the higher side but still I see GBPUSD making a move towards 1.5675 level.

  

TRADE:

Buy GBPUSD @ 1.5560 (buy again @ 1.5450 if required) for Profit Level @ 1.5675 with Stop @ 1.5400

GBPUSD looking to take retrace towards 1.4800 level

GBPUSD (1.4920)

GBPUSD is looking to take a dip below 1.4800 level at the moment and traders will be looking to sell GBPUSD for anything above 1.5000 level. GBPUSD might look to resume its upward trend from 1.4800 level and therefore traders will look to reverse their positions by buying around 1.4800 level. RSI is also in the middle and will support market movement in both direction and thus don’t give any indication of direction. Use of small stop might also come handy.

  

TRADE:

Sell GBPUSD @ 1.5015 for Profit Level @ 1.4800 with Stop @ 1.5065

GBPUSD gathering further momentum

GBPUSD

GBPUSD seems to be gathering further momentum and it current target seems around 1.5125 level and once GBPUSD manages to break above that level, it will be looking to target 1.5300 level. Conservative traders might look to buy GBPUSD on dip below 1.5000 level and from there will look to target somewhere around 1.5300 level.

Recommended Trade:

Buy GBPUSD @ 1.4935 for Profit Limit @ 1.5300 with Stop @ 1.4835