EUR/USD intraday: the upside prevails.
Pivot: 1.5025
Our preference: Long positions above 1.5025 with targets @ 1.51 & 1.5145 in extension.
Alternative scenario: Below 1.5025 look for further downside with 1.5 & 1.4975 as targets.
Comment: the pair is challenging its resistance, a pull back should be ruled out before a further up move.
GBP/USD intraday: continuation of the rebound.
Pivot: 1.651
Our preference: Long positions above 1.651 with targets @ 1.665 & 1.67 in extension.
Alternative scenario: Below 1.651 look for further downside with 1.6475 & 1.6425 as targets.
Comment: the pair is on the upside and is challenging its resistance (and previous high), the RSI is well directed.
USD/JPY intraday: caution.
Pivot: 86.7
Our preference: Long positions above 86.7 with targets @ 87.1 & 87.5 in extension.
Alternative scenario: Below 86.7 look for further downside with 86.25 & 85.75 as targets.
Comment: the pair is pulling back on its new support, the RSI is mixed and calls for caution.
USD/CHF intraday: under pressure.
Pivot: 1.004
Our preference: Short positions below 1.004 with targets @ 0.999 & 0.996 in extension.
Alternative scenario: Above 1.004 look for further upside with 1.007 & 1.009 as targets.
Comment: the pair remains under pressure and is challenging its support.
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