Our preference: long positions above 1.0495 with targets at 1.0615 & 1.0655 in extension.
Alternative scenario: below 1.0495 look for further downside with 1.0465 & 1.0445 as targets.
Comment: the RSI is mixed to bullish.
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: bullish bias above 1.2265.
Pivot: 1.2265
Our preference: long positions above 1.2265 with targets at 1.2325 & 1.2350 in extension.
Alternative scenario: below 1.2265 look for further downside with 1.2240 & 1.2220 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: 1.0235
Our preference: short positions below 1.0235 with targets at 1.0125 & 1.0090 in extension.
Alternative scenario: above 1.0235 look for further upside with 1.0260 & 1.0290 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: the bias remains bullish.
Pivot: 116.45
Our preference: long positions above 116.45 with targets at 117.25 & 117.50 in extension.
Alternative scenario: below 116.45 look for further downside with 116.10 & 115.70 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.
