USD/JPY has formed bullish engulfing pattern and confirms short term bullishness , a jump till 124.13 cannot be ruled out. Short term trend reversal can be seen only below 120.50. It is good to buy at dips around 121.30 with stop around 120.48 for the target of 123.40/124.10.
As per our analysis GBP/USD target 2 achieved @ 1.5490. Book full profits
As per our analysis GBP/USD target achieved @ 1.5530. Book partial profits
EUR/USD has broken trend line support 1.11000 and this confirms short term bearishness ,a decline till 1.1060/1.1000 cannot be ruled out . Major short term reversal only above 1.1150 level. It is good to sell around 1.1100-120 with stop around 1.1150 for the targets 1.1061/1.1000
As per our analysis USD/CAD target 1 achieved @ 1.2255. Book partial Profit
It is good to sell below 1.5630 with stop around 1.5680 for the targets of 1.5530/1.5490.
As per our analysis EUR/USD target 1 achieved at 1.11930. Book Partial Profits
GBP/USD is consolidating between 1.5700 and 1.5630 and any weakness can be seen only below 1.5630. On the higher side it is facing resistance around 1.5700 and break above would extend gains till 1.5750/1.5805 in short term. Strategy for intraday: We prefer to Buy GBP/USD above 1.5700 with stop around 1.5650 for the targets of 1.5750/1.5805 Or Sell only below...
EUR/USD has taken support near trend line 1.1100 and is recovering from that level. The major resistance is around 1.11930 and intra day reversal can be seen only above that level. On the upside break above 1.11930 will extends gains till 1.12250/1.1250. The break of trend line support will drag the pair further down till 1.1060/1.1000. The minor support is...
USD/JPY is struggling to break above 121.50 (161.8% retracement of 120.49 and 118.87) and in short term it is expected to reach till 120.05/119.60 in short term. Intraday resistance is around 121.10 any break above will extend gains till 121.49/122.01. it is good to sell around 120.80-85 with stop around 121.11 for the target of 120.06.
GBP/JPY has formed Bearish Butterfly pattern and is expected to decline till 181 in short term. It is good to sell around 189.30-40 with stop around 190.55.
AUD/USD has broken trend line resistance and jump till 0.7985/0.800 is possible. it is good to buy around 0.7905-10 with stop around 0.7860 for the target of 0.7985/0.8000.
It is good to buy USD/CAD around 1.2200 with stop around 1.2160 for the target of 1.2255/1.2350
It is good to sell on rallies around 0.7120 with stop around 0.7168 for the target of 0.7020. Intraday major resistance is around 0.7168 and break above would extend gains till 0.7220.
As per our analysis EUR/USD target 1 achieved at 1.11780. Book partial Profits
EUR/NZD has taken support near trend line (1.5100) and recovered from that level. Short term trend is bullish as long as Support 1.5090 holds. It is good to buy around 1.5200-05 with stop around 1.5090 for the target of 1.5450.
As per our analysis GBP/USD reached till 1.5630. Book profits