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Source: www.fxpro.com

EUR/USD Intraday: the bias remains bullish.

Pivot: 1.059

Most Likely Scenario: Long positions above 1.059 with targets @ 1.064 & 1.068 in extension.

Alternative scenario: Below 1.059 look for further downside with 1.0555 & 1.052 as targets.

Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

EUR/USD Chart

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GBP/USD Intraday: bullish bias above 1.5045.

Pivot: 1.5045

Most Likely Scenario: Long positions above 1.5045 with targets @ 1.5095 & 1.5125 in extension.

Alternative scenario: Below 1.5045 look for further downside with 1.501 & 1.499 as targets.

Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

GBP/USD Chart

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USD/JPY Intraday: the upside prevails.

Pivot: 122.75

Most Likely Scenario: Long positions above 122.75 with targets @ 123.2 & 123.35 in extension.

Alternative scenario: Below 122.75 look for further downside with 122.5 & 122.25 as targets.

Comment: The RSI is well directed.

USD/JPY Chart

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Reply

Omar Says

0 1

USDJPY does not let go of its efforts to trade higher.USDJPY needs to hold above the 122.95 level, being the intraday Pivot Point in order to hold the uptrend scenario.



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