Most Likely Scenario: SHORT positions @ 1.304 with 1.3 & 1.297 in sight.
Alternative scenario: The upside breakout of 1.305 will open the way to 1.3095 & 1.313.
Comment: the pair is rebounding and is challenging its strong resistance, the RSI lacks upward momentum and is reversing down.
GBP/USD INTRADAY: THE UPSIDE PREVAILS.Pivot: 1.5075.
Most Likely Scenario: LONG positions above 1.5075 with targets @ 1.515 & 1.522.
Alternative scenario: The downside breakout of 1.5075 will open the way to 1.504 & 1.498.
Comment: the pair is on the upside and is approaching its next strong resistance, the RSI stands above its neutrality area but also lacks upward momentum.
Most Likely Scenario: LONG positions above 1.5075 with targets @ 1.515 & 1.522.
Alternative scenario: The downside breakout of 1.5075 will open the way to 1.504 & 1.498.
Comment: the pair is on the upside and is approaching its next strong resistance, the RSI stands above its neutrality area but also lacks upward momentum.
USD/JPY INTRADAY: UNDER PRESSURE.Pivot: 93.65.
Most Likely Scenario: SHORT positions below 93.65 with 92.7 & 92.35 in sight.
Alternative scenario: The upside penetration of 93.65 will call for 93.9 & 94.3.
Comment: the pair has broken below its support and remains under pressure, the RSI is badly directed but is approaching its oversold area.
AUD/USD INTRADAY: FURTHER UPSIDE.
Pivot: 1.018
Most Likely Scenario: Long positions above 1.018 with targets @ 1.0255 & 1.0285 in extension.
Alternative scenario: Below 1.018 look for further downside with 1.016 & 1.011 as targets.
Comment: the pair remains on the upside and is challenging its intermediary resistance, the RSI is well directed but is also overbought.
Most Likely Scenario: SHORT positions below 93.65 with 92.7 & 92.35 in sight.
Alternative scenario: The upside penetration of 93.65 will call for 93.9 & 94.3.
Comment: the pair has broken below its support and remains under pressure, the RSI is badly directed but is approaching its oversold area.
AUD/USD INTRADAY: FURTHER UPSIDE.
Pivot: 1.018
Most Likely Scenario: Long positions above 1.018 with targets @ 1.0255 & 1.0285 in extension.
Alternative scenario: Below 1.018 look for further downside with 1.016 & 1.011 as targets.
Comment: the pair remains on the upside and is challenging its intermediary resistance, the RSI is well directed but is also overbought.
No comments:
Post a Comment