Our preference: long positions above 1.0430 with targets at 1.0460 & 1.0470 in extension.
Alternative scenario: below 1.0430 look for further downside with 1.0415 & 1.0400 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
GBP/USD Intraday: the downside prevails.
Pivot: 1.2290
Our preference: short positions below 1.2290 with targets at 1.2225 & 1.2200 in extension.
Alternative scenario: above 1.2290 look for further upside with 1.2305 & 1.2320 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: the bias remains bullish.
Pivot: 1.0260
Our preference: long positions above 1.0260 with targets at 1.0300 & 1.0315 in extension.
Alternative scenario: below 1.0260 look for further downside with 1.0240 & 1.0220 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: under pressure.
Pivot: 117.45
Our preference: short positions below 117.45 with targets at 117.15 & 117.00 in extension.
Alternative scenario: above 117.45 look for further upside with 117.65 & 117.85 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.
