USD/JPY Intraday: Towards 112.30
|EUR/USD
Aim @ 1.1310.
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Pivot (invalidation): 1.1360
Our preference
Short positions below 1.1360 with targets at 1.1330 & 1.1310 in extension.
Alternative scenario
Above 1.1360 look for further upside with 1.1380 & 1.1410 as targets.
Comment
The RSI shows downside momentum.
GBP/USD
1.2670 expected.
Pivot (invalidation): 1.2760
Our preference
Short positions below 1.2760 with targets at 1.2705 & 1.2670 in extension.
Alternative scenario
Above 1.2760 look for further upside with 1.2800 & 1.2840 as targets.
Comment
A break below 1.2705 would trigger a drop towards 1.2670.
USD/JPY
Towards 112.30.
Pivot (invalidation): 113.05
Our preference
Short positions below 113.05 with targets at 112.60 & 112.30 in extension.
Alternative scenario
Above 113.05 look for further upside with 113.25 & 113.50 as targets.
Comment
The RSI is bearish and calls for further decline.
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