EUR/USD Intraday: capped by a negative trend line.
Pivot: 1.0705
Our preference: short positions below 1.0705 with targets at 1.0665 & 1.0645 in extension.
Alternative scenario: above 1.0705 look for further upside with 1.0730 & 1.0770 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
GBP/USD Intraday: under pressure.
Pivot: 1.2510
Our preference: short positions below 1.2510 with targets at 1.2425 & 1.2400 in extension.
Alternative scenario: above 1.2510 look for further upside with 1.2545 & 1.2570 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
USD/CHF Intraday: the bias remains bullish.
Pivot: 0.9975
Our preference: long positions above 0.9975 with targets at 1.0025 & 1.0055 in extension.
Alternative scenario: below 0.9975 look for further downside with 0.9950 & 0.9910 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
USD/JPY Intraday: the bias remains bullish.
Pivot: 111.50
Our preference: long positions above 111.50 with targets at 112.40 & 112.85 in extension.
Alternative scenario: below 111.50 look for further downside with 110.95 & 110.70 as targets.
Comment: the RSI lacks downward 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.
