EUR/USD

Aim @ 1.1150.

EURUSD


 

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Pivot (invalidation): 1.1025

Our preference
Long positions above 1.1025 with targets at 1.1100 & 1.1150 in extension.

Alternative scenario
Below 1.1025 look for further downside with 1.0990 & 1.0925 as targets.

Comment
The RSI is bullish and calls for further upside.

 

GBP/USD

The upside prevails.

GBPUSD

Pivot (invalidation): 1.2190

Our preference
Long positions above 1.2190 with targets at 1.2385 & 1.2465 in extension.

Alternative scenario
Below 1.2190 look for further downside with 1.2120 & 1.2050 as targets.

Comment
The break above 1.2190 is a positive signal that has opened a path to 1.2385.

 

USD/JPY

Watch 107.90.

USDJPY

Pivot (invalidation): 109.00

Our preference
Short positions below 109.00 with targets at 108.15 & 107.90 in extension.

Alternative scenario
Above 109.00 look for further upside with 109.35 & 109.70 as targets.

Comment
A break below 108.15 would trigger a drop towards 107.90.

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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