GBP/USD intraday: Key resistance at 1.2995
|EUR/USD: Continuation of the rebound
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Pivot (invalidation): 1.1820
Our preference
Long positions above 1.1820 with targets at 1.1875 & 1.1900 in extension.
Alternative
scenario Below 1.1820 look for further downside with 1.1790 & 1.1770 as targets.
Comment
The break above 1.1820 is a positive signal that has opened a path to 1.1875.
GBP/USD: Key resistance at 1.2995
Pivot (invalidation): 1.2995
Our preference
Short positions below 1.2995 with targets at 1.2920 & 1.2890 in extension.
Alternative scenario
Above 1.2995 look for further upside with 1.3035 & 1.3065 as targets.
Comment
As Long as the resistance at 1.2995 is not surpassed, the risk of the break below 1.2920 remains high.
USD/JPY: Turning up
Pivot (invalidation): 104.60
Our preference
Long positions above 104.60 with targets at 105.00 & 105.15 in extension.
Alternative scenario
Below 104.60 look for further downside with 104.45 & 104.30 as targets.
Comment
The RSI calls for a new upleg.
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