Euro

EUR-USD @ 1.4930/32...Holding Long

Euro has risen once again. The Resistance at 1.4970 which has been honoured twice last week may be crucial going forward.

Holding:

EUR 10K Long at 1.4840, SL 1.4870 (up from 1.4850), TP 1.5150

Limit Buy Order:

Buy EUR 10K at 1.4774, SL 1.4715, TP 1.4860

Yen

USD-JPY @ 90.84/87...Supported at 90.20-90.00

Dollar-Yen is bouncing back after having fallen towards 90.37. The Support at 90.20-90.00 has held and is likely to keep the pair bullish in the short term for a rise towards 92.50-93.00

Holding:

USD 10K Long at 90.50, SL 90.00, TP 92.50

Limit Buy Order:

Buy USD 10K at 90.10, SL 89.50, TP 92.50

EuroYen

EUR-YEN @ 135.64/68...Holding Long

The Cross has been rising steadily.Any correction is likely to be curtailed near 134.75-60 region and a rise towards the Resistance at 136.10 or even 136.85 may be seen during the US session.

Holding:

EUR 10K Long at 135.31, SL 134.65 (up from 134.35), TP 137.60.

Swiss

USD-CHF @ 1.0140/42...Bearish

Dollar-Swiss has continued to fall as it moved further towards parity. The Projected Max Low for the day has been breached and expect further dip towards 1.0050 on a break of 1.0110.

Holding:

USD 10K Short at 1.0225, TSL 1.0190 (down from 1.0210), TP Open
As soon as the pair trades 1.0100, bring TSL to 1.0150

Cable

GBP-USD @ 1.6291/95...Watch Resistance 1.6420-50

Cable has bounced back after recording a low of 1.6240.The Resistance at 1.6420-50 is the region to be watched closely. A break of this can be very bullish for the pair. Our Short at 1.6301 has been exited at 1.6290 bagging 11 pips.

Limit Sell Order:

Sell GBP 10K at 1.6435, SL 1.6480, TP 1.6220