Our preference: short positions below 1.0525 with targets at 1.0465 & 1.0440 in extension.
Alternative scenario: above 1.0525 look for further upside with 1.0565 & 1.0590 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
GBP/USD Intraday: the downside prevails.
Pivot: 1.2355
Our preference: short positions below 1.2355 with targets at 1.2265 & 1.2240 in extension.
Alternative scenario: above 1.2355 look for further upside with 1.2390 & 1.2425 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: continuation of the rebound.
Pivot: 1.0170
Our preference: long positions above 1.0170 with targets at 1.0240 & 1.0260 in extension.
Alternative scenario: below 1.0170 look for further downside with 1.0145 & 1.0125 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 bias remains bullish.
Pivot: 116.85
Our preference: long positions above 116.85 with targets at 117.50 & 117.80 in extension.
Alternative scenario: below 116.85 look for further downside with 116.60 & 116.40 as targets.
Comment: the RSI advocates for further advance.
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.
