EUR/USD Intraday: capped by a negative trend line.
Pivot: 1.1005
Our preference: short positions below 1.1005 with targets at 1.0950 & 1.0925 in extension.
Alternative scenario: above 1.1005 look for further upside with 1.1025 & 1.1040 as targets.
Comment: the RSI lacks upward 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: rebound.
Pivot: 1.2250
Our preference: long positions above 1.2250 with targets at 1.2320 & 1.2355 in extension.
Alternative scenario: below 1.2250 look for further downside with 1.2215 & 1.2170 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
USD/CHF Intraday: the bias remains bullish.
Pivot: 0.9865
Our preference: long positions above 0.9865 with targets at 0.9915 & 0.9930 in extension.
Alternative scenario: below 0.9865 look for further downside with 0.9850 & 0.9825 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
USD/JPY Intraday: the upside prevails.
Pivot: 103.15
Our preference: long positions above 103.15 with targets at 103.95 & 104.20 in extension.
Alternative scenario: below 103.15 look for further downside with 102.80 & 102.40 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
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.
