Current Currencies

EUR/USD Intraday: the upside prevails.
Pivot: 1.0905

Our preference: long positions above 1.0905 with targets at 1.0945 & 1.0960 in extension.

Alternative scenario: below 1.0905 look for further downside with 1.0885 & 1.0870 as targets.

Comment: the RSI lacks downward momentum.

USD/JPY Intraday: bullish bias above 111.75.
Pivot: 111.75

Our preference: long positions above 111.75 with targets at 112.30 & 112.55 in extension.

Alternative scenario: below 111.75 look for further downside with 111.55 & 111.20 as targets.

Comment: technically the RSI is above its neutrality area at 50

 

GBP/USD Intraday: under pressure.
Pivot: 1.2950

Our preference: short positions below 1.2950 with targets at 1.2880 & 1.2860 in extension.

Alternative scenario: above 1.2950 look for further upside with 1.2965 & 1.2995 as targets.

Comment: the RSI is mixed to bearish.

Cheerio

The Pinstripe and Bowler Club shares information with MF Solutions Ltd.

 

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