EUR/USD: Key resistance at 1.1250




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Pivot (invalidation): 1.1250

Our preference
Short positions below 1.1250 with targets at 1.1220 & 1.1200 in extension.

Alternative scenario
Above 1.1250 look for further upside with 1.1265 & 1.1275 as targets.

As Long as the resistance at 1.1250 is not surpassed, the risk of the break below 1.1220 remains high.


GBP/USD: The upside prevails


Pivot (invalidation): 1.2355

Our preference
Long positions above 1.2355 with targets at 1.2405 & 1.2435 in extension.

Alternative scenario
Below 1.2355 look for further downside with 1.2325 & 1.2285 as targets.

Technically the RSI is above its neutrality area at 50.


USD/JPY: Turning down


Pivot (invalidation): 107.95

Our preference
Short positions below 107.95 with targets at 107.50 & 107.30 in extension.

Alternative scenario
Above 107.95 look for further upside with 108.15 & 108.40 as targets.

The RSI lacks upward momentum.

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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