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GBPUSD

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GBPUSD is getting towards 1.4920 level and currently a good buy can be seen just around the 1.4715 level. The short term trend might look to reverse into long term selling trend therefore we don’t suggest buy GBPUSD for any extended target above 1.4900 level.


Trade Levels:


Item: GBPUSD
B/S: Buy       
Open: 1.4715
Stop: 1.4660 
Profit: 1.4875



USDCHF

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USDCHF

seems to have taken retracement in long term trend the RSI is still on higher
side and thus we might see another dip by USDCHF during this week. Currently a
good resistance is seen around 1.1600 level and selling around that level with
small stop is suggested.

Trade Levels:

Item: USDCHF
B/S: Sell
Open 1: 1.1600
Open 2: 1.1650
Stop: 1.1700
Profit: 1.1450