Our preference: short positions below 1.0965 with targets @ 1.0860 & 1.0810 in extension.
Alternative scenario: above 1.0965 look for further upside with 1.1000 & 1.1030 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: 1.3915
Our preference: short positions below 1.3915 with targets @ 1.3825 & 1.3765 in extension.
Alternative scenario: above 1.3915 look for further upside with 1.3950 & 1.3990 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
USD/CHF Intraday: the upside prevails.
Pivot: 0.9945
Our preference: long positions above 0.9945 with targets @ 1.0030 & 1.0070 in extension.
Alternative scenario: below 0.9945 look for further downside with 0.9895 & 0.9870 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 @ 113.50 & 114.00 in extension.
Alternative scenario: below 112.50 look for further downside with 111.95 & 111.30 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.
