GBP/USD Intraday: Look for 1.2730
|EUR/USD
Watch 1.1325.
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Pivot (invalidation): 1.1240
Our preference
Long positions above 1.1240 with targets at 1.1300 & 1.1325 in extension.
Alternative scenario
Below 1.1240 look for further downside with 1.1220 & 1.1200 as targets.
Comment
The RSI is bullish and calls for further advance.
GBP/USD
Look for 1.2730.
Pivot (invalidation): 1.2650
Our preference
Long positions above 1.2650 with targets at 1.2705 & 1.2730 in extension.
Alternative scenario
Below 1.2650 look for further downside with 1.2620 & 1.2590 as targets.
Comment
The RSI advocates for further upside.
USD/JPY
107.00 expected.
Pivot (invalidation): 107.95
Our preference
Short positions below 107.95 with targets at 107.35 & 107.00 in extension.
Alternative scenario
Above 107.95 look for further upside with 108.20 & 108.50 as targets.
Comment
The immediate trend remains down and the momentum is strong.
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