USD/JPY Intraday: under pressure
|EUR/USD
Turning up.
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Pivot (invalidation): 1.1040
Our preference
Long positions above 1.1040 with targets at 1.1075 & 1.1085 in extension.
Alternative scenario
Below 1.1040 look for further downside with 1.1025 & 1.1010 as targets.
Comment
The RSI calls for a new upleg.
GBP/USD
Target 1.2600.
Pivot (invalidation): 1.2520
Our preference
Long positions above 1.2520 with targets at 1.2580 & 1.2600 in extension.
Alternative scenario
Below 1.2520 look for further downside with 1.2500 & 1.2475 as targets.
Comment
The RSI is bullish and calls for further upside.
USD/JPY
Under pressure.
Pivot (invalidation): 108.10
Our preference
Short positions below 108.10 with targets at 107.75 & 107.65 in extension.
Alternative scenario
Above 108.10 look for further upside with 108.30 & 108.45 as targets.
Comment
The RSI shows downside momentum.
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