USD/JPY Intraday: turning up
|EUR/USD
Turning down.
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Pivot (invalidation): 1.1160
Our preference
Short positions below 1.1160 with targets at 1.1115 & 1.1095 in extension.
Alternative scenario
Above 1.1160 look for further upside with 1.1180 & 1.1200 as targets.
Comment
The RSI is bearish and calls for further downside.
GBP/USD
Bullish bias above 1.2240.
Pivot (invalidation): 1.2240
Our preference
Long positions above 1.2240 with targets at 1.2290 & 1.2310 in extension.
Alternative scenario
Below 1.2240 look for further downside with 1.2220 & 1.2195 as targets.
Comment
A support base at 1.2240 has formed and has allowed for a temporary stabilisation.
USD/JPY
Turning up.
Pivot (invalidation): 105.10
Our preference
Long positions above 105.10 with targets at 106.00 & 106.35 in extension.
Alternative scenario
Below 105.10 look for further downside with 104.75 & 104.40 as targets.
Comment
The RSI calls for a rebound.
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