Our preference: long positions above 1.0435 with targets at 1.0480 & 1.0500 in extension.
Alternative scenario: below 1.0435 look for further downside with 1.0410 & 1.0385 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: the upside prevails.
Pivot: 1.2225
Our preference: long positions above 1.2225 with targets at 1.2280 & 1.2295 in extension.
Alternative scenario: below 1.2225 look for further downside with 1.2200 & 1.2180 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: under pressure.
Pivot: 1.0275
Our preference: short positions below 1.0275 with targets at 1.0225 & 1.0210 in extension.
Alternative scenario: above 1.0275 look for further upside with 1.0290 & 1.0310 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: under pressure.
Pivot: 116.80
Our preference: short positions below 116.80 with targets at 116.20 & 116.00 in extension.
Alternative scenario: above 116.80 look for further upside with 117.00 & 117.25 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.
