Our preference: short positions below 1.1345 with targets @ 1.1300 & 1.1280 in extension.
Alternative scenario: above 1.1345 look for further upside with 1.1365 & 1.1390 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: intraday support around 1.4420.
Pivot: 1.4420
Our preference: long positions above 1.4420 with targets @ 1.4530 & 1.4570 in extension.
Alternative scenario: below 1.4420 look for further downside with 1.4380 & 1.4335 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
USD/CHF Intraday: intraday support around 0.9740.
Pivot: 0.9740
Our preference: long positions above 0.9740 with targets @ 0.9795 & 0.9850 in extension.
Alternative scenario: below 0.9740 look for further downside with 0.9700 & 0.9660 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: 108.65
Our preference: long positions above 108.65 with targets @ 109.90 & 110.50 in extension.
Alternative scenario: below 108.65 look for further downside with 108.20 & 107.40 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.
