Our preference: long positions above 1.0565 with targets at 1.0685 & 1.0740 in extension.
Alternative scenario: below 1.0565 look for further downside with 1.0510 & 1.0460 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
GBP/USD Intraday: rebound.
Pivot: 1.2300
Our preference: long positions above 1.2300 with targets at 1.2435 & 1.2505 in extension.
Alternative scenario: below 1.2300 look for further downside with 1.2235 & 1.2200 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: the bias remains bullish.
Pivot: 1.0060
Our preference: long positions above 1.0060 with targets at 1.0145 & 1.0190 in extension.
Alternative scenario: below 1.0060 look for further downside with 1.0025 & 0.9990 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
USD/JPY Intraday: the bias remains bullish.
Pivot: 110.40
Our preference: long positions above 110.40 with targets at 111.20 & 111.65 in extension.
Alternative scenario: below 110.40 look for further downside with 109.80 & 109.20 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
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.
