Our preference: short positions below 1.1480 with targets @ 1.1415 & 1.1370 in extension.
Alternative scenario: above 1.1480 look for further upside with 1.1510 & 1.1540 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: 1.4530
Our preference: short positions below 1.4530 with targets @ 1.4400 & 1.4365 in extension.
Alternative scenario: above 1.4530 look for further upside with 1.4575 & 1.4620 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
USD/CHF Intraday: further upside.
Pivot: 0.9570
Our preference: long positions above 0.9570 with targets @ 0.9655 & 0.9700 in extension.
Alternative scenario: below 0.9570 look for further downside with 0.9530 & 0.9490 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: bullish bias above 106.50.
Pivot: 106.50
Our preference: long positions above 106.50 with targets @ 107.45 & 107.85 in extension.
Alternative scenario: below 106.50 look for further downside with 106.10 & 105.50 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.
