Our preference: short positions below 1.0640 with targets at 1.0560 & 1.0540 in extension.
Alternative scenario: above 1.0640 look for further upside with 1.0685 & 1.0715 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
GBP/USD Intraday: continuation of the rebound.
Pivot: 1.2390
Our preference: long positions above 1.2390 with targets at 1.2490 & 1.2530 in extension.
Alternative scenario: below 1.2390 look for further downside with 1.2365 & 1.2330 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: bullish bias above 1.0115.
Pivot: 1.0115
Our preference: long positions above 1.0115 with targets at 1.0165 & 1.0190 in extension.
Alternative scenario: below 1.0115 look for further downside with 1.0075 & 1.0040 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: 111.60
Our preference: long positions above 111.60 with targets at 113.25 & 113.90 in extension.
Alternative scenario: below 111.60 look for further downside with 111.30 & 110.75 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. 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.
