GBPUSD levels: Under pressure
|EUR/USD
Target 1.1710.
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Pivot (invalidation): 1.1760
Our preference
Short positions below 1.1760 with targets at 1.1730 & 1.1710 in extension.
Alternative scenario
Above 1.1760 look for further upside with 1.1775 & 1.1800 as targets.
Comment
The RSI lacks upward momentum.
GBP/USD
Under pressure.
Pivot (invalidation): 1.3105
Our preference
Short positions below 1.3105 with targets at 1.3055 & 1.3025 in extension.
Alternative scenario
Above 1.3105 look for further upside with 1.3140 & 1.3170 as targets.
Comment
As Long as the resistance at 1.3105 is not surpassed, the risk of the break below 1.3055 remains high.
USD/JPY
Caution.
Pivot (invalidation): 112.65
Our preference
Short positions below 112.65 with targets at 112.45 & 112.35 in extension.
Alternative scenario
Above 112.65 look for further upside with 112.85 & 113.00 as targets.
Comment
Intraday technical indicators are mixed and call for caution.
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