EUR/USD intraday: the downside prevails. Pivot: 1.395 Our preference: Short positions below 1.395 with targets @ 1.3875 & 1.383 in extension. Alternative scenario: Above 1.395 look for further upside with 1.399 & 1.401 as targets. Comments: the pair is rebounding but should strike against its new resistance.
GBP/USD intraday: under pressure. Pivot: 1.63 Our preference: Short positions below 1.63 with targets @ 1.615 & 1.607 in extension. Alternative scenario: Above 1.63 look for further upside with 1.638 & 1.6425 as targets. Comment: the RSI is badly directed, the pair should face a further weakness.
USD/JPY intraday: under pressure. Pivot: 93.25 Our preference: Short positions below 93.25 with targets @ 91.8 & 91.1 in extension. Alternative scenario: Above 93.25 look for further upside with 93.6 & 94 as targets. Comment: the pair has broken below its triangle lower boundary, the RSI is bearish.
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