Our preference: short positions below 1.0430 with targets at 1.0370 & 1.0350 in extension.
Alternative scenario: above 1.0430 look for further upside with 1.0455 & 1.0495 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: key resistance at 1.2315.
Pivot: 1.2315
Our preference: short positions below 1.2315 with targets at 1.2240 & 1.2215 in extension.
Alternative scenario: above 1.2315 look for further upside with 1.2335 & 1.2355 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: 1.0240
Our preference: long positions above 1.0240 with targets at 1.0320 & 1.0345 in extension.
Alternative scenario: below 1.0240 look for further downside with 1.0205 & 1.0170 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: 117.80
Our preference: long positions above 117.80 with targets at 118.50 & 118.70 in extension.
Alternative scenario: below 117.80 look for further downside with 117.55 & 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. 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.
