Our preference: short positions below 1.1260 with targets @ 1.1165 & 1.1120 in extension.
Alternative scenario: above 1.1260 look for further upside with 1.1290 & 1.1345 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: 1.4405
Our preference: short positions below 1.4405 with targets @ 1.4215 & 1.4140 in extension.
Alternative scenario: above 1.4405 look for further upside with 1.4465 & 1.4520 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: key resistance at 0.9745.
Pivot: 0.9745
Our preference: short positions below 0.9745 with targets @ 0.9650 & 0.9610 in extension.
Alternative scenario: above 0.9745 look for further upside with 0.9790 & 0.9845 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/JPY Intraday: under pressure.
Pivot: 112.30
Our preference: short positions below 112.30 with targets @ 111.25 & 111.00 in extension.
Alternative scenario: above 112.30 look for further upside with 112.95 & 113.30 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.
