USD/JPY Intraday: Watch 112.00
|EUR/USD
Target 1.1390.
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Pivot (invalidation): 1.1330
Our preference
Long positions above 1.1330 with targets at 1.1360 & 1.1390 in extension.
Alternative scenario
Below 1.1330 look for further downside with 1.1310 & 1.1285 as targets.
Comment
Technically the RSI is above its neutrality area at 50.
GBP/USD
Aim @ 1.2685.
Pivot (invalidation): 1.2590
Our preference
Long positions above 1.2590 with targets at 1.2645 & 1.2685 in extension.
Alternative scenario
Below 1.2590 look for further downside with 1.2560 & 1.2530 as targets.
Comment
The RSI is bullish and calls for further upside.
USD/JPY
Watch 112.00.
Pivot (invalidation): 112.85
Our preference
Short positions below 112.85 with targets at 112.35 & 112.00 in extension.
Alternative scenario
Above 112.85 look for further upside with 113.05 & 113.25 as targets.
Comment
The RSI has broken down its 30 level.
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