Courtesy of Trading Central

 

 

EUR/USD Intraday: the bias remains bullish

 

Pivot: 1.0555

Most Likely Scenario: Long positions above 1.0555 with targets @ 1.064 & 1.07 in extension.

Alternative scenario: Below 1.0555 look for further downside with 1.0495 & 1.043 as targets.

Comment: The pair has broken above a declining trend line and is pulling back on its support.

 

 
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GBP/USD Intraday: under pressure.

 

Pivot: 1.491

Most Likely Scenario: Short positions below 1.491 with targets @ 1.484 & 1.476 in extension.

Alternative scenario: Above 1.491 look for further upside with 1.495 & 1.502 as targets.

Comment: The pair is testing a support at 1.484.

 
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USD/JPY Intraday: key resistance at 121.65.

 

Pivot: 121.65

Most Likely Scenario: Short positions below 121.65 with targets @ 120.9 & 120.6 in extension.

Alternative scenario: Above 121.65 look for further upside with 122 & 122.5 as targets.

Comment: The pair is posting a rebound but stands below its resistance.

 

 
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