Our preference: long positions above 1.0680 with targets at 1.0755 & 1.0790 in extension.
Alternative scenario: below 1.0680 look for further downside with 1.0645 & 1.0610 as targets.
Comment: the RSI is mixed to bullish.
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: the bias remains bullish.
Pivot: 1.2235
Our preference: long positions above 1.2235 with targets at 1.2300 & 1.2330 in extension.
Alternative scenario: below 1.2235 look for further downside with 1.2190 & 1.2150 as targets.
Comment: the RSI is mixed to bullish.
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: 1.0020
Our preference: short positions below 1.0020 with targets at 0.9945 & 0.9910 in extension.
Alternative scenario: above 1.0020 look for further upside with 1.0045 & 1.0070 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: under pressure.
Pivot: 113.70
Our preference: short positions below 113.70 with targets at 112.90 & 112.55 in extension.
Alternative scenario: above 113.70 look for further upside with 114.00 & 114.45 as targets.
Comment: the RSI lacks upward 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.
