As a Premium Trader you are receiving Technical Analysis twice a day, in the morning and in the afternoon. 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: under pressure
Pivot: 1.2850
Our preference: Short positions below 1.285 with targets @ 1.278 & 1.273 in extension.
Alternative scenario: Above 1.285 look for further upside with 1.29 & 1.2935 as targets.
Comment: the pair stands within a ST bearish channel, the RSI lacks upward momentum.
GBP/USD intraday: capped by a negative trend line.
Pivot: 1.564
Our preference: Short positions below 1.564 with targets @ 1.555 & 1.55 in extension.
Alternative scenario: Above 1.564 look for further upside with 1.5675 & 1.5715 as targets.
Comment: the pair is rebounding on its support but remains capped by a declining trend line.
USD/JPY intraday: under pressure.
Pivot: 85.8
Our preference: Short positions below 85.8 with targets @ 85.4 & 85.1 in extension.
Alternative scenario: Above 85.8 look for further upside with 86 & 86.2 as targets.
Comment: the pair stands below its resistance, the RSI is mixed to bearish.
Risk Disclosure
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