EUR/USD intraday: under pressure.
Pivot: 1.4775
Our preference: Short positions below 1.4775 with targets @ 1.468 & 1.461 in extension.
Alternative scenario: Above 1.4775 look for further upside with 1.483 & 1.4865 as targets.
Comment: the RSI is bearish and calls for further decline.
GBP/USD intraday: under pressure.
Pivot: 1.6365
Our preference: Short positions below 1.6365 with targets @ 1.6255 & 1.62 in extension.
Alternative scenario: Above 1.6365 look for further upside with 1.6425 & 1.646 as targets.
Comment: the RSI is capped by a bearish trend line.
USD/JPY intraday: the downside prevails.
Pivot: 88.8
Our preference: Short positions below 88.8 with targets @ 88 & 87.5 in extension.
Alternative scenario: Above 88.8 look for further upside with 89.18 & 89.75 as targets.
Comment: the pair stands within a bearish channel and is approaching its support.
USD/CHF intraday: further advance.
Pivot: 1.023
Our preference: Long positions above 1.023 with targets @ 1.03 & 1.0335 in extension.
Alternative scenario: Below 1.023 look for further downside with 1.02 & 1.0175 as targets.
Comment: the RSI broke above a bearish trend line.
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