GBP/USD intraday: the downside prevails
Our preference: Short positions below 1.5825 with targets @ 1.5760 & 1.5720 in extension.
Alternative scenario: Above 1.5825 look for further upside with 1.5865 & 1.5895 as targets.
Comment: the RSI is mixed with a bearish bias.
EUR/USD intraday: the downside prevails. |
Alternative scenario: Above 1.325 look for further upside with 1.328 & 1.332 as targets.
Comment: the RSI has just struck against its neutrality area at 50% and is reversing down.
USD/JPY intraday: further advance
Our preference: Long positions above 83.7 with targets @ 84.2 & 84.4 in extension
Alternative scenario: Below 83.7 look for further downside with 83.5 & 83.3 as targets.
Comment: the pair has validated a bullish flag pattern.
AUD/USD intraday: under pressure.
Our preference: Short positions below 0.987 with targets @ 0.9775 & 0.9755 in extension.
Alternative scenario: Above 0.987 look for further upside with 0.9915 & 0.9965 as targets.
Comment: the pair is challenging a key rising trend line.
USD/CAD intraday: rebound expected.
Our preference: Long positions above 1.008 with targets @ 1.0128 & 1.0165 in extension.
Alternative scenario: Below 1.008 look for further downside with 1.006 & 1.0035 as targets.
Comment: the RSI lacks downward momentum.
EUR/CHF intraday: the downside prevails
Our preference: Short positions below 1.3025 with targets @ 1.295 & 1.2915 in extension.
Alternative scenario: Above 1.3025 look for further upside with 1.3055 & 1.31 as targets.
Comment: the pair remains capped by a declining trend line, the RSI is mixed to bearish.