Our preference: short positions below 1.1070 with targets @ 1.0990 & 1.0955 in extension.
Alternative scenario: above 1.1070 look for further upside with 1.1100 & 1.1140 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
GBP/USD Intraday: under pressure.
Pivot: 1.4050
Our preference: short positions below 1.4050 with targets @ 1.3900 & 1.3875 in extension.
Alternative scenario: above 1.4050 look for further upside with 1.4120 & 1.4170 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 upside prevails.
Pivot: 0.9850
Our preference: long positions above 0.9850 with targets @ 0.9950 & 0.9970 in extension.
Alternative scenario: below 0.9850 look for further downside with 0.9820 & 0.9790 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 bias remains bullish.
Pivot: 112.50
Our preference: long positions above 112.50 with targets @ 113.20 & 113.60 in extension.
Alternative scenario: below 112.50 look for further downside with 111.95 & 111.30 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.
