GBP/USD levels: Key resistance at 1.2790
|EUR/USD
Under pressure.
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Pivot (invalidation): 1.1430
Our preference
Short positions below 1.1430 with targets at 1.1385 & 1.1365 in extension.
Alternative scenario
Above 1.1430 look for further upside with 1.1480 & 1.1515 as targets.
Comment
As Long as the resistance at 1.1430 is not surpassed, the risk of the break below 1.1385 remains high.
GBP/USD
Key resistance at 1.2790.
Pivot (invalidation): 1.2790
Our preference
Short positions below 1.2790 with targets at 1.2740 & 1.2720 in extension.
Alternative scenario
Above 1.2790 look for further upside with 1.2820 & 1.2850 as targets.
Comment
As Long as the resistance at 1.2790 is not surpassed, the risk of the break below 1.2740 remains high.
USD/JPY
Target 110.95.
Pivot (invalidation): 110.55
Our preference
Long positions above 110.55 with targets at 110.95 & 111.20 in extension.
Alternative scenario
Below 110.55 look for further downside with 110.30 & 110.10 as targets.
Comment
The RSI advocates for further upside.
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