Our preference: long positions above 1.1215 with targets @ 1.1270 & 1.1300 in extension.
Alternative scenario: below 1.1215 look for further downside with 1.1185 & 1.1160 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
GBP/USD Intraday: rebound.
Pivot: 1.4190
Our preference: long positions above 1.4190 with targets @ 1.4325 & 1.4365 in extension.
Alternative scenario: below 1.4190 look for further downside with 1.4140 & 1.4090 as targets.
Comment: the RSI shows upside 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: under pressure.
Pivot: 0.9685
Our preference: short positions below 0.9685 with targets @ 0.9590 & 0.9570 in extension.
Alternative scenario: above 0.9685 look for further upside with 0.9705 & 0.9735 as targets.
Comment: the RSI shows downside 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/JPY Intraday: the downside prevails.
Pivot: 105.00
Our preference: short positions below 105.00 with targets @ 103.70 & 103.20 in extension.
Alternative scenario: above 105.00 look for further upside with 105.60 & 106.00 as targets.
Comment: The pair is shaping a bearish flag.
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.
