Our preference: long positions above 1.1180 with targets at 1.1230 & 1.1250 in extension.
Alternative scenario: below 1.1180 look for further downside with 1.1160 & 1.1135 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: rebound.
Pivot: 1.2635
Our preference: long positions above 1.2635 with targets at 1.2770 & 1.2825 in extension.
Alternative scenario: below 1.2635 look for further downside with 1.2600 & 1.2550 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/CHF Intraday: under pressure.
Pivot: 0.9700
Our preference: short positions below 0.9700 with targets at 0.9650 & 0.9635 in extension.
Alternative scenario: above 0.9700 look for further upside with 0.9730 & 0.9750 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/JPY Intraday: the upside prevails.
Pivot: 109.75
Our preference: long positions above 109.75 with targets at 110.45 & 110.80 in extension.
Alternative scenario: below 109.75 look for further downside with 109.60 & 109.35 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
