Our preference: short positions below 1.0430 with targets at 1.0390 & 1.0370 in extension.
Alternative scenario: above 1.0430 look for further upside with 1.0445 & 1.0465 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
GBP/USD Intraday: the downside prevails.
Pivot: 1.2265
Our preference: short positions below 1.2265 with targets at 1.2200 & 1.2155 in extension.
Alternative scenario: above 1.2265 look for further upside with 1.2280 & 1.2305 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: further advance.
Pivot: 1.0270
Our preference: long positions above 1.0270 with targets at 1.0335 & 1.0355 in extension.
Alternative scenario: below 1.0270 look for further downside with 1.0260 & 1.0240 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: further advance.
Pivot: 117.45
Our preference: long positions above 117.45 with targets at 117.90 & 118.05 in extension.
Alternative scenario: below 117.45 look for further downside with 117.35 & 117.15 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
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
