Our preference: short positions below 1.1040 with targets @ 1.0935 & 1.0900 in extension.
Alternative scenario: above 1.1040 look for further upside with 1.1065 & 1.1100 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: the downside prevails.
Pivot: 1.4050
Our preference: short positions below 1.4050 with targets @ 1.3820 & 1.3750 in extension.
Alternative scenario: above 1.4050 look for further upside with 1.4170 & 1.4250 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: 0.9885
Our preference: long positions above 0.9885 with targets @ 0.9970 & 1.0000 in extension.
Alternative scenario: below 0.9885 look for further downside with 0.9850 & 0.9820 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: the downside prevails.
Pivot: 112.70
Our preference: short positions below 112.70 with targets @ 111.55 & 111.00 in extension.
Alternative scenario: above 112.70 look for further upside with 113.35 & 114.00 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
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.
