Daily Analysis – 15 December

EUR/USD intraday: caution.

Pivot: 1.4685
Our preference: Short positions below 1.4685 with targets @ 1.4585 & 1.4535 in extension.
Alternative scenario: Above 1.4685 look for further upside with 1.4775 & 1.4825 as targets.
Comment: the RSI lacks upward momentum.

GBP/USD intraday: the bias remains bullish.

Pivot: 1.625
Our preference: Long positions above 1.625 with targets @ 1.634 & 1.638 in extension.
Alternative scenario: Below 1.625 look for further downside with 1.619 & 1.615 as targets.
Comment: the RSI is supported by a bullish trend line.

USD/JPY intraday: under pressure.

Pivot: 89
Our preference: Short positions below 89 with targets @ 88.35 & 88 in extension.
Alternative scenario: Above 89 look for further upside with 89.25 & 89.83 as targets.
Comment: the RSI is mixed with a bearish bias.

USD/CHF intraday: caution.

Pivot: 1.037
Our preference: Short positions below 1.037 with targets @ 1.03 & 1.0275 in extension.
Alternative scenario: Above 1.037 look for further upside with 1.0405 & 1.043 as targets.
Comment: the pair is rebounding on its support but should be capped on the upside.