Our Preference: Sell below 114.40 for the target of 113.10 level
Alternative Scenario: Nill
Technical Commentary: In Daily Chart :- UsdJpy was failed to break the major key resistance level of horizontal line which we have shown on attached image and last 4 days closing was below the resistance level and the major key resistance coming below the 23% Fibonacci retracement levels, so we can go sell near key resistance level and except upto next key support level :- which we have shown in attached image.
Our Preference: Sell below 1.0040 for the target of 0.9940 and 0.9860 levels
Alternative Scenario: Nill
Technical Commentary: In Daily Chart :- UsdChf was trading above the 62% Fibonacci retracement level and its trading below the new upper trend line, last 5 days high acting as major resistance level so we can go sell below key resistance level and except upto next key support level :- which we have shown in attached image.
Our Preference: Buy Above 1.3050 for the target of 1.3280 levels
Alternative Scenario: Nill
Technical Commentary: In Daily Chart :- GbpUsd was trading between key resistance and key support levels as side ways movement, yesterday closing was on higher side as bearish candle so today we can except on buying side upto next key resistance level of upper trend line :- which we have shown in attached image.
Our Preference: Sell below 1.1620 for the target of 1.1510 levels
Alternative Scenario: Nill
Technical Commentary: In Daily Chart :- EurChf was trading in the equidistant channel line, Yesterday EurChf was broken the lower trend line and closed on lower side as bearish candle so further we can except upto 23% Fibonacci retracement level, we can go sell near key resistance level and except upto next key support level :- which we have shown in attached image.
Our Preference: Sell below 0.6650 for the target of 0.6740 levels
Alternative Scenario: Nill
Technical Commentary: In Daily Chart :- AudUsd was reached the key support level of 62% retracement level and new key support of lower trend line was formed near fibonacci retracement levels, so we can keep stoploss below the lower trend line and we can go buy near key support level of lower trend line and except upto next key resistance level :- which we have shown in attached image.
| PIPS COUNTER - SINCE JANUARY 2013 | ||
| Total Trades | Total Pips | |
| EUR / USD | 1135 | 10130 |
| GBP / USD | 1054 | 10550 |
| USD / CHF | 907 | 8945 |
| EUR / JPY | 818 | 10435 |
| XAU / USD | 1156 | 207955 |
| TOTAL: 248015 | ||
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