GBPUSD looking to gradually make it to 1.3850
GBPUSD finally took the expected dip on Friday and considering the weekly and monthly charts we can see that GBPUSD is well set to take a dip towards 1.3850 and this target seems to be achieved by GBPUSD as early as this week. Traders will look to sell GBPUSD during this week on rise during its retracement. Currently a good selling level can be seen at 1.6050 with a bit extended stop and look to capture GBPUSD move towards 1.3580 level.
Trade:Sell GBPUSD @ 1.6050 with Stop @ 1.6325 and Profit Limit @ 1.5850
USDCHF aiming to break above 1.0500
USDCHF is looking good to head towards its current target at 1.05000 and then break it to set next target at 1.06000 level. Mostly traders will look to buy USDCHF on dip to below 1.0430 level to capitalize on USDCHF moving towards 1.0500 level.
Trade:
Buy USDCHF @ 1.0430 with Stop @ 1.0380 and Profit Limit @ 1.0600
USDCHF taking a breather
USDCHF after taking a good rise towards 1.0400 level is looking to take some breather towards 1.0350 level and aggressive traders will look to buy USDCHF around that level. Other traders might like to wait and see if USDCHF manages a dip towards 1.0300 level to enter the market.
Trade:
Buy USDCHF @ 1.0335 with Stop @ 1.0275 and Profit Limit @ 1.0415
EURUSD setting itself for another dip
EURUSD after taking a dip below 1.4350 level is now looking to take some retrace and is looking to set itself up for a another nice move, this time below 1.4300 level. Mostly we will see selling in EURUSD on rise above 1.4400 level. There is a very good selling range between 1.4400 and 1.4450 levels.
Trade:
Sell EURUSD @ 1.4415 with Stop @ 1.4470 and Profit Limit @ 1.4300
GBPUSD heading towards its target 1.6325
GBPUSD is gradually heading towards its target at 1.6325 but before doing so we might see a retracement dip by GBPUSD towards 1.6200 level and while doing so GBPUSD will provide some decent entries for traders to cash on.
Trade:
Buy GBPUSD @ 1.6225 with Stop @ 1.6150 and Profit Limit @ 1.6400
USDJPY getting overloaded
USDJPY is moving in a nice upward trend but it seems to be getting overloaded in daily charts and also has reached an important level at 93.50 in weekly charts. We might see USDJPY taking a dip from here towards 92.50 for a short retracement and aggressive traders might think of selling USDJPY around that level for small targets.
Trade:
Sell USDJPY 93.50 with Stop @ 94.10 and Profit Limit @ 92.50
USDCAD setting itself for a dip
USDCAD seems to be taking retrace to jump above 1.0400 level and then after completing its retrace, make a good dip towards 1.0300 level.
There is a currently a good daily as well as weekly selling level present around 1.0440 level and traders will look to sell USDCAD for a nice move towards 1.0300
Trade:
Sell USDCAD @ 1.0435 with Stop @ 1.0500 and Profit Limit @ 1.0270
AUDUSD looking to break above 0.9000
AUDUSD is looking to gradually rise above 0.9000 level and head towards its target at 0.9100 level. Currently traders will look to buy AUDUSD for anything below 0.8950 level for initial target just above 0.9000 level and break of that will extend the target towards 0.9100 level.
Trade:
Buy AUDUSD @ 0.8940 with Stop @ 0.8890 and Take Profit @ 0.9020
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