EUR/USD: Towards 1.1950

EURUSD

 


 

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Pivot (invalidation): 1.1840

Our preference
Long positions above 1.1840 with targets at 1.1925 & 1.1950 in extension.

Alternative scenario
Below 1.1840 look for further downside with 1.1805 & 1.1770 as targets.

Comment
The RSI is bullish and calls for further advance.

 

GBP/USD: Further upside

GBPUSD

Pivot (invalidation): 104.70

Our preference
Short positions below 104.70 with targets at 104.15 & 103.90 in extension.

Alternative scenario
Above 104.70 look for further upside with 105.00 & 105.30 as targets.

Comment
A break below 104.15 would trigger a drop towards 103.90.

 

USD/JPY: Towards 103.90

 

USDJPY

Pivot (invalidation): 104.70

Our preference
Short positions below 104.70 with targets at 104.15 & 103.90 in extension.

Alternative scenario
Above 104.70 look for further upside with 105.00 & 105.30 as targets.

Comment
A break below 104.15 would trigger a drop towards 103.90.

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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