USD/JPY intraday: Watch 106.75
|EUR/USD: The downside prevails
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Pivot (invalidation): 1.1300
Our preference
Short positions below 1.1300 with targets at 1.1255 & 1.1235 in extension.
Alternative scenario
Above 1.1300 look for further upside with 1.1315 & 1.1335 as targets.
Comment
The RSI is bearish and calls for further downside.
GBP/USD: The downside prevails
Pivot (invalidation): 1.2625
Our preference
Short positions below 1.2625 with targets at 1.2560 & 1.2540 in extension.
Alternative scenario
Above 1.2625 look for further upside with 1.2650 & 1.2670 as targets.
Comment
The RSI lacks upward momentum.
USD/JPY: Watch 106.75
Pivot (invalidation): 107.25
Our preference
Short positions below 107.25 with targets at 106.90 & 106.75 in extension.
Alternative scenario
Above 107.25 look for further upside with 107.35 & 107.45 as targets.
Comment
A break below 106.90 would trigger a drop towards 106.75.
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