Our preference: short positions below 1.1760 with targets at 1.1650 & 1.1610 in extension.
Alternative scenario: above 1.1760 look for further upside with 1.1795 & 1.1835 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: turning down.
Pivot: 1.2910
Our preference: short positions below 1.2910 with targets at 1.2840 & 1.2810 in extension.
Alternative scenario: above 1.2910 look for further upside with 1.2930 & 1.2950 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: caution.
Pivot: 0.9700
Our preference: short positions below 0.9700 with targets at 0.9630 & 0.9595 in extension.
Alternative scenario: above 0.9700 look for further upside with 0.9755 & 0.9800 as targets.
Comment: the RSI is mixed and calls for caution.
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: rebound.
Pivot: 109.60
Our preference: long positions above 109.60 with targets at 110.60 & 110.95 in extension.
Alternative scenario: below 109.60 look for further downside with 109.40 & 108.90 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
