Online Forex Trading.
The analysis provides signals for buying and selling as well as Take Profit and Stop Loss levels.
Please find our FOREX UPDATE on EUR/USD, USD/JPY, GBP/USD:
EUR/USD intraday: the upside prevails.
Pivot: 1.29
Our preference: Long positions above 1.29 with targets @ 1.3 & 1.305 in extension.
Alternative scenario: Below 1.29 look for further downside with 1.281 & 1.2775 as targets.
Comment: the pair is trading in short term bullish channel and the RSI calls for a new up leg.
GBP/USD intraday: caution.
Pivot: 1.527
Our preference: Long positions above 1.527 with targets @ 1.5355 & 1.54 in extension.
Alternative scenario: Below 1.527 look for further downside with 1.5225 & 1.52 as targets.
Comment: the RSI is mixed with a bullish bias.
USD/JPY intraday: the downside prevails.
Pivot: 87.5
Our preference: Short positions below 87.5 with targets @ 86.55 & 86.25 in extension.
Alternative scenario: Above 87.5 look for further upside with 87.7 & 88 as targets.
Comment: the upward potential is likely to be limited by the resistance at 87.5.
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