Our preference: short positions below 1.1310 with targets @ 1.1245 & 1.1220 in extension.
Alternative scenario: above 1.1310 look for further upside with 1.1345 & 1.1390 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: rebound.
Pivot: 1.4315
Our preference: long positions above 1.4315 with targets @ 1.4420 & 1.4440 in extension.
Alternative scenario: below 1.4315 look for further downside with 1.4285 & 1.4240 as targets.
Comment: the RSI is well directed.
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: further upside.
Pivot: 0.9725
Our preference: long positions above 0.9725 with targets @ 0.9785 & 0.9820 in extension.
Alternative scenario: below 0.9725 look for further downside with 0.9695 & 0.9645 as targets.
Comment: the RSI is well directed.
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: further advance.
Pivot: 109.90
Our preference: long positions above 109.90 with targets @ 111.05 & 111.40 in extension.
Alternative scenario: below 109.90 look for further downside with 109.55 & 109.15 as targets.
Comment: the RSI is well directed.
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.
