EUR/USD intraday: intraday support around 1.2525.
Pivot: 1.2525
My preference: Long positions above 1.2525 with targets @ 1.262 & 1.265 in extension.
Alternative scenario: Below 1.2525 look for further downside with 1.2475 & 1.243 as targets.
Comment Forex: the pair is rebounding on its support as the RSI is turning up.
GBP/USD intraday: continuation of the rebound.
Pivot: 1.505
My preference: Long positions above 1.505 with targets @ 1.513 & 1.5175 in extension.
Alternative scenario: Below 1.505 look for further downside with 1.5005 & 1.4975 as targets.
Comment forex : the RSI has broken above a declining trend line, the pair is on the upside and is challenging its resistance.
USD/CHF intraday: under pressure.
Pivot: 1.0665
My preference: Short positions below 1.0665 with targets @ 1.059 & 1.0525 in extension.
Alternative scenario: Above 1.0665 look for further upside with 1.07 & 1.075 as targets.
Comment Forex: the pair has struck against its resistance and is challenging its support.
USD/JPY intraday: the downside prevails.
Pivot: 88.6
My preference: Short positions below 88.6 with targets @ 87.95 & 87.7 in extension.
Alternative scenario: Above 88.6 look for further upside with 88.85 & 89 as targets.
Comment Forex: the pair is on the downside and is breaking below its support.
USD/CAD intraday: the downside prevails.
Pivot: 1.0351
My preference: Short positions below 1.0351 with targets @ 1.0295 & 1.0225 in extension.
Alternative scenario: Above 1.0351 look for further upside with 1.04 & 1.0455 as targets.
Comment Forex: the RSI is capped by a bearish trend line.
AUD/USD intraday: rebound.
Pivot: 0.867
My preference: Long positions above 0.867 with targets @ 0.88 & 0.885 in extension.
Alternative scenario: Below 0.867 look for further downside with 0.862 & 0.856 as targets.
Comment Forex: the pair has rebounded on its horizontal range lower boundary and should reach its next resistance.
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