EUR/USD Further upside
Pivot (invalidation): 1.1530
Our preference
Long positions above 1.1530 with targets at 1.1630 and 1.1650 in extension.
Alternative scenario
Below 1.1530 look for further downside with 1.1490 and 1.1450 as targets.
Comment
The RSI calls for a rebound.
GBP/USD Rebound in sight
Pivot (invalidation): 1.2860
Our preference
Long positions above 1.2860 with targets at 1.2945 and 1.2975 in extension.
Alternative scenario
Below 1.2860 look for further downside with 1.2810 and 1.2780 as targets.
Comment
The RSI calls for a rebound.
USD/JPY Under pressure
Pivot (invalidation): 110.55
Our preference
Short positions below 110.55 with targets at 110.00 and 109.75 in extension.
Alternative scenario
Above 110.55 look for further upside with 110.90 and 111.10 as targets.
Comment
As Long as 110.55 is resistance, expect a return to 110.00.
USD/CHF Under pressure
Pivot (invalidation): 0.9870
Our preference
Short positions below 0.9870 with targets at 0.9825 and 0.9800 in extension.
Alternative scenario
Above 0.9870 look for further upside with 0.9890 and 0.9915 as targets.
Comment
The RSI advocates for further downside.
USD/CAD Under pressure
Pivot (invalidation): 1.3050
Our preference
Short positions below 1.3050 with targets at 1.2995 and 1.2980 in extension.
Alternative scenario
Above 1.3050 look for further upside with 1.3070 and 1.3095 as targets.
Comment
The RSI advocates for further decline.
AUD/USD The upside prevails
Pivot (invalidation): 0.7345
Our preference
Long positions above 0.7345 with targets at 0.7380 and 0.7410 in extension.
Alternative scenario
Below 0.7345 look for further downside with 0.7315 and 0.7285 as targets.
Comment
The RSI is mixed to bullish.
EUR/GBP Bullish bias above 0.8945
Pivot (invalidation): 0.8945
Our preference
Long positions above 0.8945 with targets at 0.8995 and 0.9010 in extension.
Alternative scenario
Below 0.8945 look for further downside with 0.8935 and 0.8920 as targets.
Comment
The RSI lacks downward momentum.
EUR/CHF Further advance
Pivot (invalidation): 1.1365
Our preference
Long positions above 1.1365 with targets at 1.1415 and 1.1435 in extension.
Alternative scenario
Below 1.1365 look for further downside with 1.1315 and 1.1280 as targets.
Comment
The RSI is mixed with a bullish bias.
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