Our preference: long positions above 1.0770 with targets at 1.0815 & 1.0850 in extension.
Alternative scenario: below 1.0770 look for further downside with 1.0740 & 1.0710 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: 1.2580
Our preference: long positions above 1.2580 with targets at 1.2675 & 1.2705 in extension.
Alternative scenario: below 1.2580 look for further downside with 1.2540 & 1.2515 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: key resistance at 0.9925.
Pivot: 0.9925
Our preference: short positions below 0.9925 with targets at 0.9880 & 0.9860 in extension.
Alternative scenario: above 0.9925 look for further upside with 0.9965 & 1.0000 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
USD/JPY Intraday: the upside prevails.
Pivot: 112.90
Our preference: long positions above 112.90 with targets at 113.70 & 113.95 in extension.
Alternative scenario: below 112.90 look for further downside with 112.60 & 112.40 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
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.
