EURUSD being pushed above 1.4300

EURUSD after taking a dip towards 1.4275 was pushes above 1.4300 level due to low RSI value. We might see EURUSD taking another dip below 1.4300 level but before doing so, it seems that we might see it take some breather towards 1.4350 level.

Once EURUSD managed to open up enough space, we might see it taking a move towards 1.4250 level but again low RSI is pushing EURUSD upwards and we don’t expect much dip by EURUSD unless it takes any further rise.

Sells around 1.4350 level seems good opportunity at the moment but only small targets are suggested. 

USDJPY almost there to its target at 92.20

USDJPY is approaching its target at 92.20 and we might see it getting there earlier next week. An important weekly resistance at 92.50 level can be seen and we might see some traders interested in selling USDJPY around that level in long term strategy. RSI is also getting on the higher side but we think it has some space to continue upward move without too much retrace at the moment.

In daily charts, situation is getting a bit tricky. The general trend is still upwards but not too large profits can be targeted therefore buying USDJPY with small stops is suggested. 

USDJPY heading towards 92.15 level

USDJPY has broken above in its weekly downward channel and is current approaching a very important weekly resistance at 91.30 and if USDJPY is able to break above that level, then we will see USDJPY heading towards 92.15 level.

The RSI is rapidly rising but still seems to have more than enough space to break above 91.30 level. Currently buying USDJPY still seems a good option and any entry price below 90.50 will be a good deal.

EURUSD gaining momentum towards 1.4200

EURUSD is gaining momentum towards 1.4200 level but currently the RSI is getting very low so before targeting 1.4200 level, we might see a quick retracement towards 1.4450 level by EURUSD.

Generally long term traders will look to sell EURUSD on rise above 1.4400 level and if the retracement extends towards 1.4600 level, then we might see traders averaging their traders.

On the lower side, primarily 1.4200 level will be the focus point and once EURUSD manages to break below 1.4180 level, the next target will be below 1.4000 level.

Currently traders will let EURUSD either take some retrace or let it trade sideways range for a couple of days before entering the market.

EURUSD looking to take a further dip towards 1.4525 level

EURUSD is moving in a nice downward trend and this trend seems to remain the same way for next few days as well. Although a good long term resistance can be seen around 1.4575 level but we might see it taken out early this week.

Currently some good selling levels can be seen in between 1.4650 and 1.4780 levels. Generally traders will look to enter to target primarily below 1.4600 level and will expect it to extend towards 1.4525 level.

Break of 1.4525 will confirm downward trend in longer version therefore short term traders will exit and wait till EURUSD settles itself in longer trend.