GBP/USD Intraday: Turning down
|EUR/USD
Under pressure.
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Pivot (invalidation): 1.1580
Our preference
Short positions below 1.1580 with targets at 1.1540 & 1.1515 in extension.
Alternative scenario
Above 1.1580 look for further upside with 1.1595 & 1.1610 as targets.
Comment
The immediate trend remains down and the momentum is strong.
GBP/USD
Turning down.
Pivot (invalidation): 1.3195
Our preference
Short positions below 1.3195 with targets at 1.3160 & 1.3140 in extension.
Alternative scenario
Above 1.3195 look for further upside with 1.3225 & 1.3255 as targets.
Comment
The RSI shows downside momentum.
USD/JPY
Aim @ 112.75.
Pivot (invalidation): 112.15
Our preference
Long positions above 112.15 with targets at 112.50 & 112.75 in extension.
Alternative scenario
Below 112.15 look for further downside with 111.95 & 111.70 as targets.
Comment
The RSI is supported by a rising trend line.
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