EUR/USD: Bullish bias above 1.1750




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Pivot (invalidation): 1.1750

Our preference
Long positions above 1.1750 with targets at 1.1805 & 1.1830 in extension.

Alternative scenario
Below 1.1750 look for further downside with 1.1720 & 1.1700 as targets.

The RSI is mixed with a bullish bias.


GBP/USD: Supported by a rising trend line


Pivot (invalidation): 1.2950

Our preference
Long positions above 1.2950 with targets at 1.3015 & 1.3050 in extension.

Alternative scenario
Below 1.2950 look for further downside with 1.2910 & 1.2880 as targets.

The RSI has just landed on its neutrality area at 50% and is turning up.


USD/JPY: Key resistance at 105.20


Pivot (invalidation): 105.20

Our preference
Short positions below 105.20 with targets at 104.75 & 104.45 in extension.

Alternative scenario
Above 105.20 look for further upside with 105.45 & 105.70 as targets.

The upward potential is likely to be limited by the resistance at 105.20.

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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