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 

EURUSD Intraday View

EURUSD can rise upto 1.0690 - 1.0695 but can be sold on rise. Expected intraday range is 1.0610 - 1.0695. 

Intraday Strategy - SELL EURUSD PART AT CMP (1.0672) & PART 1.0695  TARGET  1.0610  SL ABOVE  1.0736

USDINR Intraday View

USDINR NOV FUT contract can resist 66.50 intraday and can be sold on rise for the day. Expected intraday range is 66.20 - 66.45.

Intraday Strategy - SELL PARTIAL AT CMP (66.38) & PARTIAL AT 66.45     TARGET 66.20      SL ABOVE  66.58

GBPUSD Medium Term Outlook

GBPUSD has a good medium term resistance in the range of 1.5790 - 1.5820 and thus can be sold on rise. In fact selling part at 1.5750 & part at 1.5820 is recommended for a short term target of 1.4900 & medium term target of 1.4600 with a protective SL above 1.6400.

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.