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