Our preference: short positions below 1.0565 with targets at 1.0480 & 1.0450 in extension.
Alternative scenario: above 1.0565 look for further upside with 1.0580 & 1.0600 as targets.
Comment: the RSI shows downside momentum.
Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point | Black represents the price when the report was produced
GBP/USD Intraday: key resistance at 1.2190.
Pivot: 1.2190
Our preference: short positions below 1.2190 with targets at 1.2080 & 1.2055 in extension.
Alternative scenario: above 1.2190 look for further upside with 1.2215 & 1.2250 as targets.
Comment: the RSI shows downside momentum.
Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point | Black represents the price when the report was produced
USD/CHF Intraday: the bias remains bullish.
Pivot: 1.0150
Our preference: long positions above 1.0150 with targets at 1.0220 & 1.0245 in extension.
Alternative scenario: below 1.0150 look for further downside with 1.0125 & 1.0105 as targets.
Comment: the RSI shows upside momentum.
Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point | Black represents the price when the report was produced
USD/JPY Intraday: continuation of the rebound.
Pivot: 115.60
Our preference: long positions above 115.60 with targets at 116.75 & 117.10 in extension.
Alternative scenario: below 115.60 look for further downside with 115.25 & 114.90 as targets.
Comment: the RSI shows upside momentum.
Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point | Black represents the price when the report was produced
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
