Our preference: long positions above 1.1245 with targets @ 1.1310 & 1.1345 in extension.
Alternative scenario: below 1.1245 look for further downside with 1.1215 & 1.1180 as targets.
Comment: the RSI is well directed.
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: 1.4465
Our preference: long positions above 1.4465 with targets @ 1.4640 & 1.4670 in extension.
Alternative scenario: below 1.4465 look for further downside with 1.4410 & 1.4365 as targets.
Comment: the RSI is well directed.
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: rebound.
Pivot: 0.9725
Our preference: long positions above 0.9725 with targets @ 0.9800 & 0.9845 in extension.
Alternative scenario: below 0.9725 look for further downside with 0.9695 & 0.9645 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: key resistance at 111.35.
Pivot: 111.35
Our preference: short positions below 111.35 with targets @ 110.25 & 109.90 in extension.
Alternative scenario: above 111.35 look for further upside with 111.80 & 112.45 as targets.
Comment: the RSI is badly directed.
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.
