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 bias remains bullish.
Pivot: 1.2855
Our preference: Long positions above 1.2855 with targets @ 1.299 & 1.303 in extension.
Alternative scenario: Below 1.2855 look for further downside with 1.2825 & 1.2775 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
GBP/USD intraday: further advance.
Pivot: 1.533
Our preference: Long positions above 1.533 with targets @ 1.545 & 1.5535 in extension.
Alternative scenario: Below 1.533 look for further downside with 1.529 & 1.5245 as targets.
Comment: the RSI is supported by a bullish trend line.
USD/JPY intraday: bullish bias above 86.85.
Pivot: 86.85
Our preference: Long positions above 86.85 with targets @ 87.35 & 87.58 in extension.
Alternative scenario: Below 86.85 look for further downside with 86.65 & 86.45 as targets.
Comment: the RSI has just landed on its neutrality area at 50% and is turning up.
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