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EUR/USD Intraday: the bias remains bullish.

Pivot: 1.0925

Most Likely Scenario: long positions above 1.0925 with targets @ 1.103 & 1.1075 in extension.

Alternative scenario: below 1.0925 look for further downside with 1.088 & 1.084 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: the bias remains bullish.

Pivot: 1.513

Most Likely Scenario: long positions above 1.513 with targets @ 1.5245 & 1.531 in extension.

Alternative scenario: below 1.513 look for further downside with 1.5075 & 1.5035 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: key resistance at 121.35.

Pivot: 121.35

Most Likely Scenario: short positions below 121.35 with targets @ 120.55 & 120.15 in extension.

Alternative scenario: above 121.35 look for further upside with 121.85 & 122.25 as targets.

Comment: the upward potential is likely to be limited by the resistance at 121.35.

USD/JPY Chart

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Reply

araz Says

0 1

EURUSD needs to hold below 1.0978 level being the intraday Pivot Point if the price action is to continue the downward move.The initial downside target is 1.0926, which is 1st pivot support of the pair.



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