Our preference: short positions below 1.1545 with targets at 1.1485 & 1.1460 in extension.
Alternative scenario: above 1.1545 look for further upside with 1.1585 & 1.1620 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: the downside prevails.
Pivot: 1.3020
Our preference: short positions below 1.3020 with targets at 1.2905 & 1.2860 in extension.
Alternative scenario: above 1.3020 look for further upside with 1.3060 & 1.3085 as targets.
Comment: the RSI is capped by a bearish trend line.
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: 0.9540
Our preference: long positions above 0.9540 with targets at 0.9610 & 0.9635 in extension.
Alternative scenario: below 0.9540 look for further downside with 0.9520 & 0.9480 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: the bias remains bullish.
Pivot: 111.70
Our preference: long positions above 111.70 with targets at 112.40 & 112.85 in extension.
Alternative scenario: below 111.70 look for further downside with 111.50 & 111.20 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
