Daily Technical Analysis – April 21, 2016 - Daily Technical Analysis – April 21, 2016 -

Daily Technical Analysis – April 21, 2016

Technical Analysis
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Daily Technical Analysis – April 21, 2016

EUR/USD Intraday: caution.
Pivot: 1.1325

Our preference: short positions below 1.1325 with targets @ 1.1285 & 1.1270 in extension.

Alternative scenario: above 1.1325 look for further upside with 1.1350 & 1.1390 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

GBP/USD Intraday: caution.
Pivot: 1.4385

Our preference: short positions below 1.4385 with targets @ 1.4315 & 1.4285 in extension.

Alternative scenario: above 1.4385 look for further upside with 1.4420 & 1.4460 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/CHF Intraday: the upside prevails.
Pivot: 0.9680

Our preference: long positions above 0.9680 with targets @ 0.9735 & 0.9760 in extension.

Alternative scenario: below 0.9680 look for further downside with 0.9645 & 0.9620 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: the bias remains bullish.
Pivot: 109.15

Our preference: long positions above 109.15 with targets @ 109.90 & 110.15 in extension.

Alternative scenario: below 109.15 look for further downside with 108.75 & 108.50 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

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