FOREX TRADING VIEWS

USDINR

THOUGH RUPEE IS APPRECIATING TODAY ONE CAN GO LONG FOR TRADING IN USDINR ON DIPS.

STRATEGY 

BUY USDINR PART AT 68.05 & PART AT 67.98  TARGET 68.30  SL BELOW  67.85

EURUSD STRATEGY

SELL EURUSD PART AT 1.1100 & PART AT 1.1130 TARGET  1.1040  SL  ABOVE  1.1156

GBPUSD STRATEGY

SELL GBPUSD PART AT 1.4590 & PART AT 1.4620 TARGET 1.4530  SL  ABOVE  1.4650

USDJPY STRATEGY

BUY USDJPY PART AT 117.85 & PART AT 117.65   TARGET 118.50  SL BELOW 117.34

USDJPY CALL UPDATE

USDJPY did move up according to our view but couldn't achieve the target of 123.10 and made a high of 122.93.

(http://forexviewsncalls.blogspot.in/2015/11/usdjpy-intraday-view.html)

(BUY USDJPY PART AT CMP (122.50) & PART AT 122.30  TARGET  123.10   SL BELOW 121.98) 

USDJPY Intraday View

USDJPY can be bought on dips for intraday trading. Expected intraday range is 122.30 - 123.10.

Intraday Strategy - BUY USDJPY PART AT CMP (122.50) & PART AT 122.30    TARGET  123.10   SL BELOW 121.98 

USDJPY SHORT TERM STRATEGY - 2nd UPDATE

Sorry traders was expecting a bounce back after our near term target of 98.50 for a fresh short. Though was bearish but this move has even surprised me. But finally patience pays as USDJPY today made a low of 95.91 which means even our 1st short term target of 97.00 has been achieved and it has reversed just a few pips from our 2nd short term target of 95.50.

USDJPY SHORT TERM STRATEGY (HIGH RISK)

High risk traders can go short on USDJPY between 101.80 - 102.20 for a near term target of 98.50 & short term targets of 97.00 - 95.50 with a protective stop loss above 105.75.