EUR/USD: The upside prevails


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Pivot (invalidation): 1.1850

Our preference
Long positions above 1.1850 with targets at 1.1890 & 1.1910 in extension.

Alternative scenario
Below 1.1850 look for further downside with 1.1830 & 1.1815 as targets.

The RSI advocates for further upside.

GBP/USD: Further upside


Pivot (invalidation): 1.3225

Our preference
Long positions above 1.3225 with targets at 1.3280 & 1.3310 in extension.

Alternative scenario
Below 1.3225 look for further downside with 1.3195 & 1.3165 as targets.

The RSI shows upside momentum.

USD/JPY: Watch 103.40


Pivot (invalidation): 104.00

Our preference
Short positions below 104.00 with targets at 103.65 & 103.40 in extension.

Alternative scenario
Above 104.00 look for further upside with 104.20 & 104.40 as targets.

As Long as the resistance at 104.00 is not surpassed, the risk of the break below 103.65 remains high.

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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