EUR/USD

Capped by a negative trend line

EURUSD

 


 

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Pivot (invalidation): 1.1115

Our preference
Short positions below 1.1115 with targets at 1.1090 & 1.1075 in extension.

Alternative scenario
Above 1.1115 look for further upside with 1.1130 & 1.1155 as targets.

Comment
A break below 1.1090 would trigger a drop towards 1.1075.

 

GBP/USD

Towards 1.2060

GBPUSD

 

Pivot (invalidation): 1.2100

Our preference
Short positions below 1.2100 with targets at 1.2075 & 1.2060 in extension.

Alternative scenario
Above 1.2100 look for further upside with 1.2120 & 1.2135 as targets.

Comment
The RSI advocates for further decline.

 

USD/JPY

Aim @ 106.60

USDJPY

 

Pivot (invalidation): 105.90

Our preference
Long positions above 105.90 with targets at 106.35 & 106.60 in extension.

Alternative scenario
Below 105.90 look for further downside with 105.70 & 105.50 as targets.

Comment
The RSI is bullish and calls for further upside.

This report has been prepared by AC Markets and is solely been published for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any currency or any other financial instrument. Views expressed in this report may be subject to change without prior notice and may differ or be contrary to opinions expressed by AC Markets personnel at any given time. ACM is under no obligation to update or keep current the information herein, the report should not be regarded by recipients as a substitute for the exercise of their own judgment.

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