Our preference: short positions below 1.0915 with targets @ 1.0850 & 1.0810 in extension.
Alternative scenario: above 1.0915 look for further upside with 1.0940 & 1.0965 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: the upside prevails.
Pivot: 1.3900
Our preference: long positions above 1.3900 with targets @ 1.4045 & 1.4120 in extension.
Alternative scenario: below 1.3900 look for further downside with 1.3840 & 1.3765 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/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 upside prevails.
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 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.
