EUR/USD Intraday: Under pressure
|EUR/USD
Under pressure.
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Pivot (invalidation): 1.1015
Our preference
Short positions below 1.1015 with targets at 1.0995 & 1.0980 in extension.
Alternative scenario
Above 1.1015 look for further upside with 1.1025 & 1.1040 as targets.
Comment
As Long as 1.1015 is resistance, look for choppy price action with a bearish bias.
GBP/USD
Watch 1.2820.
Pivot (invalidation): 1.2855
Our preference
Short positions below 1.2855 with targets at 1.2835 & 1.2820 in extension.
Alternative scenario
Above 1.2855 look for further upside with 1.2875 & 1.2895 as targets.
Comment
A break below 1.2835 would trigger a drop towards 1.2820.
USD/JPY
Towards 108.35.
Pivot (invalidation): 108.85
Our preference
Short positions below 108.85 with targets at 108.55 & 108.35 in extension.
Alternative scenario
Above 108.85 look for further upside with 109.00 & 109.15 as targets.
Comment
The immediate trend remains down and the momentum is strong.
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