EUR : EurUsd is currently trading at 1.4360 levels. Upside correction is expected till 1.4420 levels from where shorts can be initiated.Immediate support comes around 1.4260 levels. Bias still remains bearish and shorts close to 1.4400-1.4480 levels can be considered for the target of 120 pips and lower.
Break below 1.4250 levels should keep the bearish scenario intact testing 1.4120 - 1.4150 levels. (EURUSD - 1.4360) Bearish.
GBP : GbpUsd is currently trading at 1.6060 levels. Yesterday it made a bottom of 1.5830 level and closed at 1.6050 levels.
Upside correction is expected near 1.6150 - 1.6200 levels (200 days Daily EMA and 38.2% retracement) where shorts can be initiated for the target of 150 -200 pips keeping stoploss above 1.6250 level. Immediate support comes around 1.5980 levels .
Short term bias still remains bearish till 1.5700 levels until 1.6220 level is held.(GBPUSD 1.6060) Bearish.
JPY : The JPY is currently trading in a rising channel pattern.
Immediate resistance comes around 93.10 levels which if broken then could test next resistance level near 94.20 levels where shorts can be initiated for the target of 90 levels.
Bias for USDJPY pair remains strong above 88.40 levels. (USDJPY- 92.36) Neutral.
No comments:
Post a Comment