Our preference: long positions above 1.1145 with targets @ 1.1215 & 1.1230 in extension.
Alternative scenario: below 1.1145 look for further downside with 1.1125 & 1.1100 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: turning down.
Pivot: 1.3020
Our preference: short positions below 1.3020 with targets @ 1.2945 & 1.2890 in extension.
Alternative scenario: above 1.3020 look for further upside with 1.3065 & 1.3090 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: key resistance at 0.9815.
Pivot: 0.9815
Our preference: short positions below 0.9815 with targets @ 0.9755 & 0.9735 in extension.
Alternative scenario: above 0.9815 look for further upside with 0.9840 & 0.9865 as targets.
Comment: the RSI is mixed to bearish.
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: key resistance at 102.15.
Pivot: 102.15
Our preference: short positions below 102.15 with targets @ 101.45 & 101.15 in extension.
Alternative scenario: above 102.15 look for further upside with 102.45 & 102.75 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
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.
