USD/JPY
(Hourly)
Source: Bloomberg
Entry: Current price level
Stop Loss: 109.10
Target Price: 109.60
Buy from current price levels as it has broken above its 50 hour moving average. Expecting resistance at the 100 hour moving average.
USD/CAD
(Hourly)
Source: Bloomberg
Entry: 1.2548
Stop Loss: 1.2570
Target Price: 1.2500
Short sell below 1.2550. Currently testing a key support level. Wait for a significant break below the support level before getting into the trade
NB: These are short-term trades therefore please maintain the set risk parameters.
Musa Makoni | Trading Specialist at GT247.com
Disclaimer: Any opinions, news, research, analyses, prices, or other information contained within this research is provided as general market commentary, and does not constitute investment advice. GT247.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. The content contained within is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
GT247.com: +27 87 940 6101
IT support & help desk: +27 87 940 6107
Client relations (new accounts): +27 87 940 6106
Sales: +27 87 940 6108
