EURUSD Levels: Key resistance at 1.1695

EUR/USD

Key resistance at 1.1695.

EURUSD


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Pivot (invalidation): 1.1695

Our preference
Short positions below 1.1695 with targets at 1.1650 & 1.1625 in extension.

Alternative scenario
Above 1.1695 look for further upside with 1.1725 & 1.1760 as targets.

Comment
The RSI is mixed to bearish.

 

GBP/USD

The downside prevails.

GBPUSD

Pivot (invalidation): 1.3225

Our preference
Short positions below 1.3225 with targets at 1.3150 & 1.3120 in extension.

Alternative scenario
Above 1.3225 look for further upside with 1.3255 & 1.3285 as targets.

Comment
The RSI is mixed to bearish.

 

USD/JPY

Bullish bias above 112.35.

USDJPY

Pivot (invalidation): 112.35

Our preference
Long positions above 112.35 with targets at 113.00 & 113.35 in extension.

Alternative scenario
Below 112.35 look for further downside with 112.00 & 111.65 as targets.

Comment
The RSI advocates for further advance.

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.