Our preference: long positions above 1.0710 with targets at 1.0770 & 1.0800 in extension.
Alternative scenario: below 1.0710 look for further downside with 1.0685 & 1.0665 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: 1.2375
Our preference: long positions above 1.2375 with targets at 1.2500 & 1.2550 in extension.
Alternative scenario: below 1.2375 look for further downside with 1.2330 & 1.2290 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: the downside prevails.
Pivot: 1.0015
Our preference: short positions below 1.0015 with targets at 0.9955 & 0.9935 in extension.
Alternative scenario: above 1.0015 look for further upside with 1.0030 & 1.0050 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: under pressure.
Pivot: 114.00
Our preference: short positions below 114.00 with targets at 113.15 & 112.85 in extension.
Alternative scenario: above 114.00 look for further upside with 114.40 & 114.80 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
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.
