EUR/USD: Caution

EURUSD


 

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Pivot (invalidation): 1.1825

Our preference
Short positions below 1.1825 with targets at 1.1800 & 1.1785 in extension.

Alternative scenario
Above 1.1825 look for further upside with 1.1840 & 1.1860 as targets.

Comment
The upward potential is likely to be limited by the resistance at 1.1825.

GBP/USD: Key resistance at 1.3045

GBPUSD

Pivot (invalidation): 1.3045

Our preference
Short positions below 1.3045 with targets at 1.3005 & 1.2990 in extension.

Alternative scenario
Above 1.3045 look for further upside with 1.3075 & 1.3100 as targets.

Comment
The upward potential is likely to be limited by the resistance at 1.3045.

USD/JPY: The downside prevails

USDJPY

Pivot (invalidation): 104.90

Our preference
Short positions below 104.90 with targets at 104.50 & 104.30 in extension.

Alternative scenario
Above 104.90 look for further upside with 105.05 & 105.20 as targets.

Comment
The RSI has broken down its 30 level.

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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