Our preference: short positions below 1.1220 with targets @ 1.1170 & 1.1150 in extension.
Alternative scenario: above 1.1220 look for further upside with 1.1235 & 1.1260 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
GBP/USD Intraday: further advance.
Pivot: 1.4190
Our preference: long positions above 1.4190 with targets @ 1.4310 & 1.4370 in extension.
Alternative scenario: below 1.4190 look for further downside with 1.4155 & 1.4100 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: key resistance at 0.9760.
Pivot: 0.9760
Our preference: short positions below 0.9760 with targets @ 0.9715 & 0.9685 in extension.
Alternative scenario: above 0.9760 look for further upside with 0.9785 & 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: further upside.
Pivot: 113.15
Our preference: long positions above 113.15 with targets @ 114.10 & 114.50 in extension.
Alternative scenario: below 113.15 look for further downside with 112.85 & 112.35 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.
