Courtesy of Trading Central

 

 

EUR/USD Intraday: rebound

 

Pivot: 1.0495

Most Likely Scenario: Long positions above 1.0495 with targets @ 1.07 & 1.0775 in extension.

Alternative scenario: Below 1.0495 look for further downside with 1.043 & 1.032 as targets.

Comment: The pair has broken above a declining trend line and remains on the upside.

 

 

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GBP/USD Intraday: under pressure.

 

Pivot: 1.502

Most Likely Scenario: Short positions below 1.502 with targets @ 1.4885 & 1.484 in extension.

Alternative scenario: Above 1.502 look for further upside with 1.51 & 1.514 as targets.

Comment: The pair has struck against its resistance.

 

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USD/JPY Intraday: under pressure.

 

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 remains on the downside.

 

 

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