USD/JPY Intraday: Towards 112.30

EUR/USD

Aim @ 1.1310.

EURUSD

 


 

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Pivot (invalidation): 1.1360

Our preference
Short positions below 1.1360 with targets at 1.1330 & 1.1310 in extension.

Alternative scenario
Above 1.1360 look for further upside with 1.1380 & 1.1410 as targets.

Comment
The RSI shows downside momentum.

 

GBP/USD

1.2670 expected.

GBPUSD

Pivot (invalidation): 1.2760

Our preference
Short positions below 1.2760 with targets at 1.2705 & 1.2670 in extension.

Alternative scenario
Above 1.2760 look for further upside with 1.2800 & 1.2840 as targets.

Comment
A break below 1.2705 would trigger a drop towards 1.2670.

 

USD/JPY

Towards 112.30.

USDJPY

Pivot (invalidation): 113.05

Our preference
Short positions below 113.05 with targets at 112.60 & 112.30 in extension.

Alternative scenario
Above 113.05 look for further upside with 113.25 & 113.50 as targets.

Comment
The RSI is bearish and calls for further decline.

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.