Pivot (invalidation): 110.85 Our preference Long positions above 110.85 with targets at 111.30 & 111.55 in extension. Alternative scenario Below 110.85 look for further downside with 110.55 & 110.25 as targets...
Pivot (invalidation): 1.3045 Our preference Short positions below 1.3045 with targets at 1.2990 & 1.2955 in extension. Alternative scenario Above 1.3045 look for further upside with 1.3080 & 1.3135 as targets...
Pivot (invalidation): 1.1240 Our preference Short positions below 1.1240 with targets at 1.1210 & 1.1195 in extension. Alternative scenario Above 1.1240 look for further upside with 1.1260 & 1.1285 as targets...
EURUSD bear pressure remains intact as it looks to pressure further lower in the new week. Support comes in at the 1.1200 where a violation will turn risk to the 1.1150 level. A break below here will target the 1.1100 level. Further down, support sits at the 1.1050...
First, a review of last week’s events: - EUR/USD. Despite the decline in the GDP data, the US dollar has felt pretty confident this week...
GBPUSD retains downside pressure in the short term as it closed lower on Friday. Support stands at 1.3000 level. Further down, support comes in at the 1.2950 level where a break will turn focus to the 1.2900 level. Further down, support lies at the 1.2850 level...
Pivot (invalidation): 59.15 Our preference Long positions above 59.15 with targets at 60.10 & 60.35 in extension. Alternative scenario Below 59.15 look for further downside with 58.75 & 58.45 as targets...
Pivot (invalidation): 15.1100 Our preference Short positions below 15.1100 with targets at 14.9500 & 14.8600 in extension. Alternative scenario Above 15.1100 look for further upside with 15.2000 & 15.2500 as targets...
Pivot (invalidation): 1299.00 Our preference Short positions below 1299.00 with targets at 1282.50 & 1279.50 in extension. Alternative scenario Above 1299.00 look for further upside with 1303.00 & 1308.00 as targets...
Pivot (invalidation): 2791.50 Our preference Long positions above 2791.50 with targets at 2829.00 & 2844.75 in extension. Alternative scenario Below 2791.50 look for further downside with 2783.25 & 2770.00 as targets...
Pivot (invalidation): 11500.00 Our preference Short positions below 11500.00 with targets at 11340.00 & 11235.00 in extension. Alternative scenario Above 11500.00 look for further upside with 11560.00 & 11620.00 as targets...
Pivot (invalidation): 5.5150 Our preference Long positions above 5.5150 with targets at 5.6100 & 5.6920 in extension. Alternative scenario Below 5.5150 look for further downside with 5.4650 & 5.3850 as targets...
Pivot (invalidation): 0.7090 Our preference Short positions below 0.7090 with targets at 0.7065 & 0.7055 in extension. Alternative scenario Above 0.7090 look for further upside with 0.7105 & 0.7120 as targets...
Pivot (invalidation): 1.3415 Our preference Long positions above 1.3415 with targets at 1.3450 & 1.3465 in extension. Alternative scenario Below 1.3415 look for further downside with 1.3395 & 1.3375 as targets...
Pivot (invalidation): 0.9940 Our preference Long positions above 0.9940 with targets at 0.9970 & 0.9985 in extension. Alternative scenario Below 0.9940 look for further downside with 0.9930 & 0.9920 as targets...
Pivot (invalidation): 110.50 Our preference Long positions above 110.50 with targets at 111.00 & 111.30 in extension. Alternative scenario Below 110.50 look for further downside with 110.25 & 110.00 as targets...
Pivot (invalidation): 1.3095 Our preference Short positions below 1.3095 with targets at 1.3035 & 1.3000 in extension. Alternative scenario Above 1.3095 look for further upside with 1.3140 & 1.3170 as targets...
Pivot (invalidation): 1.1240 Our preference Short positions below 1.1240 with targets at 1.1210 & 1.1195 in extension. Alternative scenario Above 1.1240 look for further upside with 1.1260 & 1.1285 as targets...
USDJPY recovery threat eyes the 111.15/29 resistance zone. On the upside, resistance comes in at 111.00 level. Above this level will turn attention to the 111.50 level. Further out, we expect a possible move towards the 112.00 level...
