Our preference: short @ 1.1390 with targets @ 1.1370 & 1.1350 in extension.
Alternative scenario: above 1.1405 look for further upside with 1.1430 & 1.1455 as targets.
Comment: as long as 1.1405 is resistance, look for choppy price action with a bearish bias.
USD/JPY Intraday: the bias remains bullish.
Our preference: long positions above 113.00 with targets at 113.35 & 113.60 in extension.
Alternative scenario: below 113.00 look for further downside with 112.85 & 112.70 as targets.
Comment: the RSI shows upside momentum.
GBP/USD Intraday: intraday support around 1.2950.
Our preference: long positions above 1.2950 with targets at 1.3050 & 1.3090 in extension.
Alternative scenario: below 1.2950 look for further downside with 1.2905 & 1.2855 as targets.
Comment: a support base at 1.2950 has formed and has allowed for a temporary stabilisation.
EUR/GBP Intraday: consolidation.
Our preference: short positions below 0.8785 with targets at 0.8755 & 0.8730 in extension.
Alternative scenario: above 0.8785 look for further upside with 0.8800 & 0.8815 as targets.
Comment: the RSI lacks upward momentum.
USD/ZAR intraday: the upside prevails as long as 14.2360 is support
Our pivot point stands at 14.2360.
Our preference: the upside prevails as long as 14.2360 is support.
Alternative scenario: the downside breakout of 14.2360 would call for 14.1020 and 14.0230.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the pair is above its 20 and 50 MAs (respectively at 14.3120 and 14.3187).
Copyright @ 2013 Marketforu Ireland Ltd.
Inspired By Ava.
Strictly Necessary Cookies
Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.
If you disable this cookie, we will not be able to save your preferences. This means that every time you visit this website you will need to enable or disable cookies again.