Our preference: short positions below 1.0675 with targets at 1.0615 & 1.0600 in extension.
Alternative scenario: above 1.0675 look for further upside with 1.0710 & 1.0740 as targets.
Comment: The pair remains within a bearish channel.
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: key resistance at 1.2540.
Pivot: 1.2540
Our preference: short positions below 1.2540 with targets at 1.2425 & 1.2375 in extension.
Alternative scenario: above 1.2540 look for further upside with 1.2580 & 1.2620 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/CHF Intraday: further advance.
Pivot: 0.9985
Our preference: long positions above 0.9985 with targets at 1.0045 & 1.0070 in extension.
Alternative scenario: below 0.9985 look for further downside with 0.9965 & 0.9930 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/JPY Intraday: the upside prevails.
Pivot: 113.10
Our preference: long positions above 113.10 with targets at 113.95 & 114.30 in extension.
Alternative scenario: below 113.10 look for further downside with 112.75 & 112.45 as targets.
Comment: the RSI lacks downward 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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