EUR/USD Intraday: capped by a negative trend line
|EUR/USD
Capped by a negative trend line
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Pivot (invalidation): 1.1115
Our preference
Short positions below 1.1115 with targets at 1.1090 & 1.1075 in extension.
Alternative scenario
Above 1.1115 look for further upside with 1.1130 & 1.1155 as targets.
Comment
A break below 1.1090 would trigger a drop towards 1.1075.
GBP/USD
Towards 1.2060
Pivot (invalidation): 1.2100
Our preference
Short positions below 1.2100 with targets at 1.2075 & 1.2060 in extension.
Alternative scenario
Above 1.2100 look for further upside with 1.2120 & 1.2135 as targets.
Comment
The RSI advocates for further decline.
USD/JPY
Aim @ 106.60
Pivot (invalidation): 105.90
Our preference
Long positions above 105.90 with targets at 106.35 & 106.60 in extension.
Alternative scenario
Below 105.90 look for further downside with 105.70 & 105.50 as targets.
Comment
The RSI is bullish and calls for further upside.
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