EUR/USD: Key resistance at 1.1255

EURUSD

 

 


 

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Pivot (invalidation): 1.1255

Our preference
Short positions below 1.1255 with targets at 1.1230 & 1.1215 in extension.

Alternative scenario
Above 1.1255 look for further upside with 1.1270 & 1.1285 as targets.

Comment
As Long as the resistance at 1.1255 is not surpassed, the risk of the break below 1.1230 remains high.

 

GBP/USD: Key resistance at 1.2330

GBPUSD

Pivot (invalidation): 1.2330

Our preference
Short positions below 1.2330 with targets at 1.2280 & 1.2250 in extension.

Alternative scenario
Above 1.2330 look for further upside with 1.2360 & 1.2390 as targets.

Comment
As Long as the resistance at 1.2330 is not surpassed, the risk of the break below 1.2280 remains high.

 

USD/JPY: Further advance

USDJPY

Pivot (invalidation): 107.45

Our preference
Long positions above 107.45 with targets at 107.90 & 108.25 in extension.

Alternative scenario
Below 107.45 look for further downside with 107.25 & 107.00 as targets.

Comment
The RSI lacks downward 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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