GBP Technical View

GBP currently trading at 1.5305. On long term monthly charts it is still holding trendline support, if it succeeds in closing ablove this line on monthly chart then there will be very good upside initially upto 1.70 - 1.71 otherwise there will be downside upto 1.33 - 1.34, my recommendation is to buy here and wait for a monthly close for a clearer trend and take profit around 1.70

Euro Technical View

Currently euro is trading at 1.2960 but on weekly charts, parabolic SAR and stochastics are clearly indicating up move. My recommendation is to buy euro here and on dips for a profit target of 1.3600 - 1.3700