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 - AN UPDATE

My near term target of 98.50 for USDJPY SHORT TERM STRATEGY (HIGH RISK) has been achieved. I hope a good number of traders have earned through this call. Even now the USDJPY pair looks bearish but selling fresh from these levels might prove a bit risky, traders should wait for a bounce back and then go short.

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.

Intraday Trading Strategies

EURUSD can rise upto 1.2880-90 but can be sold on rise for intraday trading for a target of 1.2790 & SL above 1.2940. Expected intraday range is 1.2790 - 1.2890.

GBPUSD can rise upto 1.5265 but can be sold on rise for intraday trading for a target of 1.5180 & SL above 1.5310. Expected intraday range is 1.5180 - 1.5265.

USDJPY can dip upto 92.50 but can be bought on dips for intraday trading for a target of 93.50 & SL below 92.00. Expected intraday range is 92.50 – 93.50.

Intraday Trading Strategies

EURUSD is moving upwards & can rise upto 1.3515 but shall resist that level during the day & thus can be sold on rise strictly for intraday trading purpose for a target of 1.3430-20 with a protective Stop loss (SL) above 1.3560.

(Note: For medium term outlook please visit http://www.forexviewsncalls.blogspot.in/2013/01/eurusd-medium-term-outlook.html)  

GBPUSD may give a dip upto 1.5710 thus traders can sell on rise in the morning trade (IST) but it can be bought on dips upto 1.5710 for the day for a target of 1.5800 with a protective SL below 1.5660.

USDJPY can give a rise even upto 91.15 but can be sold on rise for intraday trading for a target of 90.40 with a protective SL above 91.55. 

USDJPY Weekly View's Update

USDJPY made a low of 76.60 which was exactly the level where I had recommended to go long (visit http://goo.gl/Ekzbp for detailed view). I hope those who traded according to my view might have booked profits, if not than please book your profits either at these levels or if it again bounces back upto 77.25, as the week is coming to an end. For sometime it can take a resistance of 77.30 but 77.45 is a good intraday resistance. 76.82 can act as a good intraday support.

USDJPY Weekly (02/01/2012 – 06/01/2012)

USDJPY has given a good fall on Friday and can slide upto 76.70-76.60, but it can take support of it's November low of 76.56.

It has a good weekly support at 75.85 and resistance at 77.90 and a major resistance is at 78.65. For this week we can go long if it dips upto 76.60. Largely the trading range will be 76.50-77.90 for this week.