Our preference: short positions below 1.1680 with targets at 1.1610 & 1.1585 in extension.
Alternative scenario: above 1.1680 look for further upside with 1.1710 & 1.1750 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: 1.3005
Our preference: long positions above 1.3005 with targets at 1.3085 & 1.3125 in extension.
Alternative scenario: below 1.3005 look for further downside with 1.2985 & 1.2960 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: 0.9515
Our preference: long positions above 0.9515 with targets at 0.9600 & 0.9630 in extension.
Alternative scenario: below 0.9515 look for further downside with 0.9485 & 0.9455 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: 111.55
Our preference: long positions above 111.55 with targets at 112.10 & 112.40 in extension.
Alternative scenario: below 111.55 look for further downside with 111.30 & 111.00 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
