GBP/USD Intraday: under pressure
|EUR/USD
Watch 1.1010.
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Pivot (invalidation): 1.1040
Our preference
Short positions below 1.1040 with targets at 1.1020 & 1.1010 in extension.
Alternative scenario
Above 1.1040 look for further upside with 1.1050 & 1.1060 as targets.
Comment
The RSI lacks upward momentum.
GBP/USD
Under pressure.
Pivot (invalidation): 1.3085
Our preference
Short positions below 1.3085 with targets at 1.3035 & 1.3010 in extension.
Alternative scenario
Above 1.3085 look for further upside with 1.3105 & 1.3130 as targets.
Comment
As Long as 1.3085 is resistance, expect a return to 1.3035.
USD/JPY
Key resistance at 109.15.
Pivot (invalidation): 109.15
Our preference
Short positions below 109.15 with targets at 108.70 & 108.50 in extension.
Alternative scenario
Above 109.15 look for further upside with 109.40 & 109.65 as targets.
Comment
The upward potential is likely to be limited by the resistance at 109.15.
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