Our preference: short positions below 1.1100 with targets @ 1.0990 & 1.0965 in extension.
Alternative scenario: above 1.1100 look for further upside with 1.1145 & 1.1185 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
GBP/USD Intraday: under pressure.
Pivot: 1.4250
Our preference: short positions below 1.4250 with targets @ 1.3985 & 1.3850 in extension.
Alternative scenario: above 1.4250 look for further upside with 1.4340 & 1.4405 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
USD/CHF Intraday: the upside prevails.
Pivot: 0.9900
Our preference: long positions above 0.9900 with targets @ 1.0000 & 1.0030 in extension.
Alternative scenario: below 0.9900 look for further downside with 0.9885 & 0.9850 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/JPY Intraday: rebound.
Pivot: 112.35
Our preference: long positions above 112.35 with targets @ 113.65 & 114.15 in extension.
Alternative scenario: below 112.35 look for further downside with 111.65 & 111.00 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
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.
