EUR/USD intraday: key ST resistance at 1.5.
Pivot: 1.5
Our preference: Short positions below 1.5 with targets @ 1.487 & 1.4825 in extension.
Alternative scenario: Above 1.5 look for further upside with 1.5055 & 1.51 as targets.
Comment: as long as 1.5 is resistance, expect a return to 1.487.
GBP/USD intraday: under pressure.
Pivot: 1.6535
Our preference: Short positions below 1.6535 with targets @ 1.6375 & 1.6325 in extension.
Alternative scenario: Above 1.6535 look for further upside with 1.659 & 1.665 as targets.
Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.
USD/JPY intraday: key ST resistance at 87.05.
Pivot: 87.05
Our preference: Short positions below 87.05 with targets @ 86.3 & 85.75 in extension.
Alternative scenario: Above 87.05 look for further upside with 87.5 & 88 as targets.
Comment: the RSI calls for a drop.
USD/CHF intraday: under pressure.
Pivot: 1.007
Our preference: Short positions below 1.007 with targets @ 0.999 & 0.996 in extension.
Alternative scenario: Above 1.007 look for further upside with 1.012 & 1.014 as targets.
Comment: the RSI is badly directed, the pair is on the downside and is challenging its support.
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