Intra-day Analysis

EURUSD

EURUSD is currently between two important levels, i.e., 1.3250 and 1.3350
Break to either side will see an extended move but looking at current trend, buying EURUSD seems a better option at the moment.

GBPUSD

GBPUSD is moving in a sharp upward trend and buying GBPUSD at retracement dips seems order of the day. Looking at the current trend we should expect GBPUSD breaking above 1.5000 level.

USDJPY

USDJPY is looking to complete its retracement till 98.50 level and it is an important level considering both daily and weekly charts so buying around that level can be fruitful.

Week Ahead (April 13 - April 17)

EURUSD
Last week EURUSD moved very nicely, started just below 1.3600 and resumed its downward trend after completing retracement during week before last one.

During this week, it seems to stay in downward trend and possible range seems between 1.3300 and 1.3000 levels.

Selling above 1.3250, ideally around 1.3275 seems good trade.


GBPUSD

GBPUSD stayed a bit quite, as compared to its usual volatility, during lasy week and it is looking to take a dip below 1.4500 level.

We might see a quick dip to 1.4450 level by GBPDSD earlier this week and then rising to 1.4700 level.