USD/JPY Intraday: Rebound
|EUR/USD
Turning down.
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Pivot (invalidation): 1.1315
Our preference
Short positions below 1.1315 with targets at 1.1285 & 1.1260 in extension.
Alternative scenario
Above 1.1315 look for further upside with 1.1335 & 1.1350 as targets.
Comment
The RSI is bearish and calls for further downside.
GBP/USD
Turning down.
Pivot (invalidation): 1.2940
Our preference
Short positions below 1.2940 with targets at 1.2865 & 1.2840 in extension.
Alternative scenario
Above 1.2940 look for further upside with 1.2960 & 1.2980 as targets.
Comment
The RSI advocates for further decline.
USD/JPY
Rebound.
Pivot (invalidation): 110.45
Our preference
Long positions above 110.45 with targets at 110.80 & 110.95 in extension.
Alternative scenario
Below 110.45 look for further downside with 110.35 & 110.25 as targets.
Comment
The RSI calls for a rebound.
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