During yesterday's trading, we saw large
movements on the EUR and GBP, and we expected some setbacks which would allow
us to buy back some of the EUR / GBP pairs. This is what actually happened.
Today we have three opportunities in which the following conditions have been
met:
EUR / JPY: Buyback and targets at the second
resistance
During yesterday's trading and despite the
highs that occurred to the pair, but we preferred to remain neutral and
non-purchase from the areas of the 125.90, which arrived yesterday waiting for
the pair to decline something to complete technical conditions for repurchase
Technically we have strong support
for the pair at 124.21 and we have a positive direction on the RSI while the
pair currently trades above the initial resistance 125.39 and we have a
positive direction from the MACD, the pair is also trading above the SMA 50
which makes us prefer to buy the pair targeting the second resistance 125.78
Trading Recommendation
Buy the pair from the current level 125.52
Take Profit 125.78
NB: We preferred not to set long-term targets
to exit markets before Friday's close
Euro / USD: to buy with targeting the third
resistance at least
During yesterday's trading despite
the highs that occurred to the pair, but we preferred to remain neutral and
non-purchase from the areas of 1.13678, which arrived yesterday waiting for the
pair to decline something to complete the technical conditions for repurchase
and the pair rebounded down, ending the saturation condition, which prevented
us from re-buying
Technically we have a clear positive on the RSI
and the advanced MACD as the pair trades above the SMA 50 while the strongest
support is at 1.1245, which remains positive for the pair
Trading Recommendation
Buy the pair now from the current levels
1.13384
Take Profit 1.1366
NB: We preferred not to set long-term targets
to exit markets before Friday's close
Buy GBP USD and the nearest targets at 1.3080
During yesterday's trading and despite the
highs that occurred to the pair, but we preferred to remain neutral and
non-purchase from the areas of 1.3092, which arrived yesterday waiting for the
decline of some of the thing to complete the technical conditions for
repurchase and the pair rebounded down, ending the saturation condition, which
prevented us from buying back
Technically we have a clear positive
on the RSI and the advanced MACD as the pair trades above the SMA 50 while the
strongest support is at 1.2817, which remains positive for the pair
Trading Recommendation
Buy the pair from the current areas 1.3030
Take Profit 1.3080
NB: We preferred not to set long-term targets
to exit markets before Friday's close
My recommendations and analysis can
be tracked through
My official website
Twitter
Facebook
0 Comments