Most Likely Scenario: SHORT positions @ 1.2975 with targets @ 1.293 & 1.288.
Alternative scenario: The upside breakout of 1.2985 will open the way to 1.301 & 1.3045.
Comment: the pair stands below its new resistance (former support) and remains under pressure, the RSI is posting a rebound but stands below its neutrality area.
GBP/USD INTRADAY: BULLISH BIAS ABOVE 1.4885Pivot: 1.4885.
Most Likely Scenario: LONG positions @ 1.4895 with 1.496 & 1.498 as next targets.
Alternative scenario: The downside penetration of 1.4885 will call for 1.485 & 1.483.
Comment: the pair stands above its new support and remains on the upside as the RSI is turning up.
USD/JPY INTRADAY: KEY ST RESISTANCE AT 96.3Pivot: 96.30.
Most Likely Scenario: SHORT positions @ 96.2 with 95.45 & 95.05 in sight.
Alternative scenario: The upside penetration of 96.3 will call for a rebound towards 96.7 & 97.
Comment: the pair stands below its new resistance and remains under pressure, the RSI stands around its neutrality area.
AUD/USD INTRADAY: BOUNCE.Pivot: 1.032
Most Likely Scenario: Long positions above 1.032 with targets @ 1.038 & 1.0415 in extension.
Alternative scenario: Below 1.032 look for further downside with 1.0305 & 1.0275 as targets.
Comment: the pair has validated a bullish flag and should post further advance as the RSI is well directed.
Forex Megadroid Robot
Forex Growth Bot - Low Risk To Reward, Plenty Of Proof
There are many economic indicators, and even more private reports that can be used to evaluate the fundamentals of forex. It's important to take the time to not only look at the numbers, but also understand what they mean and how they affect a nation's economy.
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