EUR/USD: Key resistance at 1.1855

EURUSD

 


 

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Pivot (invalidation): 1.1855

Our preference
Short positions below 1.1855 with targets at 1.1825 & 1.1810 in extension.

Alternative scenario
Above 1.1855 look for further upside with 1.1870 & 1.1885 as targets.

Comment
The upward potential is likely to be limited by the resistance at 1.1855.

GBP/USD: Caution

GBPUSD

Pivot (invalidation): 1.2925

Our preference
Short positions below 1.2925 with targets at 1.2870 & 1.2840 in extension.

Alternative scenario
Above 1.2925 look for further upside with 1.2975 & 1.3030 as targets.

Comment
Intraday technical indicators are mixed and call for caution.

USD/JPY: The downside prevails

USDJPY

Pivot (invalidation): 105.50

Our preference
Short positions below 105.50 with targets at 105.10 & 105.00 in extension.

Alternative scenario
Above 105.50 look for further upside with 105.65 & 105.80 as targets.

Comment
The RSI is bearish and calls for further downside.

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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