Our preference: long positions above 1.1195 with targets at 1.1230 & 1.1250 in extension.
Alternative scenario: below 1.1195 look for further downside with 1.1180 & 1.1160 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
GBP/USD Intraday: under pressure.
Pivot: 1.2780
Our preference: short positions below 1.2780 with targets at 1.2635 & 1.2550 in extension.
Alternative scenario: above 1.2780 look for further upside with 1.2825 & 1.2880 as targets.
Comment: the RSI is mixed to bearish.
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: under pressure.
Pivot: 0.9705
Our preference: short positions below 0.9705 with targets at 0.9655 & 0.9635 in extension.
Alternative scenario: above 0.9705 look for further upside with 0.9730 & 0.9760 as targets.
Comment: the RSI is mixed to bearish.
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: the downside prevails.
Pivot: 110.45
Our preference: short positions below 110.45 with targets at 109.65 & 109.35 in extension.
Alternative scenario: above 110.45 look for further upside with 110.80 & 111.10 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
