USDJPY Intraday: Rebound expected
|EUR/USD
Aim @ 1.1515.
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Pivot (invalidation): 1.1570
Our preference
Short positions below 1.1570 with targets at 1.1535 & 1.1515 in extension.
Alternative scenario
Above 1.1570 look for further upside with 1.1590 & 1.1610 as targets.
Comment
The RSI is bearish and calls for further downside.
GBP/USD
Under pressure.
Pivot (invalidation): 1.3150
Our preference
Short positions below 1.3150 with targets at 1.3065 & 1.3030 in extension.
Alternative scenario
Above 1.3150 look for further upside with 1.3185 & 1.3225 as targets.
Comment
The RSI has broken down its 30 level.
USD/JPY
Rebound expected.
Pivot (invalidation): 111.90
Our preference
Long positions above 111.90 with targets at 112.35 & 112.55 in extension.
Alternative scenario
Below 111.90 look for further downside with 111.60 & 111.30 as targets.
Comment
A support base at 111.90 has formed and has allowed for a temporary stabilisation.
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