USD/JPY Intraday: Turning down
|EUR/USD
Watch 1.1115.
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Pivot (invalidation): 1.1180
Our preference
Short positions below 1.1180 with targets at 1.1140 & 1.1115 in extension.
Alternative scenario
Above 1.1180 look for further upside with 1.1205 & 1.1220 as targets.
Comment
A break below 1.1140 would trigger a drop towards 1.1115.
GBP/USD
1.2870 expected.
Pivot (invalidation): 1.2930
Our preference
Short positions below 1.2930 with targets at 1.2890 & 1.2870 in extension.
Alternative scenario
Above 1.2930 look for further upside with 1.2960 & 1.2975 as targets.
Comment
The RSI lacks upward momentum.
USD/JPY
Turning down.
Pivot (invalidation): 112.20
Our preference
Short positions below 112.20 with targets at 111.80 & 111.65 in extension.
Alternative scenario
Above 112.20 look for further upside with 112.40 & 112.60 as targets.
Comment
The RSI calls for a new downleg.
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