Our preference: long positions above 1.0990 with targets @ 1.1065 & 1.1100 in extension.
Alternative scenario: below 1.0990 look for further downside with 1.0955 & 1.0935 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
GBP/USD Intraday: rebound.
Pivot: 1.3875
Our preference: long positions above 1.3875 with targets @ 1.4050 & 1.4120 in extension.
Alternative scenario: below 1.3875 look for further downside with 1.3820 & 1.3750 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: the upside prevails.
Pivot: 0.9850
Our preference: long positions above 0.9850 with targets @ 0.9945 & 0.9970 in extension.
Alternative scenario: below 0.9850 look for further downside with 0.9820 & 0.9790 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: the upside prevails.
Pivot: 111.80
Our preference: long positions above 111.80 with targets @ 112.70 & 113.05 in extension.
Alternative scenario: below 111.80 look for further downside with 111.30 & 111.00 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
