Daily Technical Analysis – 9 Jan, 2017

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  Daily Technical Analysis – 9 Jan, 2017 

EUR/USD Intraday: under pressure.
Pivot: 1.0560

Our preference: short positions below 1.0560 with targets at 1.0510 & 1.0480 in extension.

Alternative scenario: above 1.0560 look for further upside with 1.0585 & 1.0615 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

GBP/USD Intraday: under pressure.
Pivot: 1.2250

Our preference: short positions below 1.2250 with targets at 1.2120 & 1.2075 in extension.

Alternative scenario: above 1.2250 look for further upside with 1.2295 & 1.2350 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/CHF Intraday: the bias remains bullish.
Pivot: 1.0155

Our preference: long positions above 1.0155 with targets at 1.0200 & 1.0240 in extension.

Alternative scenario: below 1.0155 look for further downside with 1.0125 & 1.0100 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/JPY Intraday: turning down.
Pivot: 117.55

Our preference: short positions below 117.55 with targets at 116.25 & 115.70 in extension.

Alternative scenario: above 117.55 look for further upside with 118.20 & 118.60 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

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