| EUR/USD intraday: the downside prevails. |
Pivot: 1.2325.
Our Preference: SHORT positions @ 1.2315 with 1.225 & 1.221 as next targets.
Alternative scenario: The upside penetration of 1.2325 will call for a rebound towards 1.2365 & 1.24.
Comment: the pair has validated a bearish flag and should face further weakness.
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| GBP/USD intraday: rebound. |
Pivot: 1.5490.
Our Preference: LONG positions above 1.549 with 1.555 & 1.558 in sight.
Alternative scenario: The downside breakout of 1.549 will open the way to 1.545 & 1.5425.
Comment: the pair has broken above a declining trend line.
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| USD/CHF intraday: the upside prevails. |
Pivot: 0.97.
Our Preference: LONG positions above 0.974 with targets @ 0.98 & 0.9825.
Alternative scenario: The downside breakout of 0.974 will open the way to 0.971 & 0.968.
Comment: the pair has validated a bullish flag and should post further advance.
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| USD/JPY intraday: under pressure. |
Pivot: 79.80.
Our Preference: SHORT positions @ 79.75 with targets @ 79.4 & 79.2.
Alternative scenario: The upside breakout of 79.8 will open the way to 80.1 & 80.35.
Comment: the pair remains under pressure and is challenging its support.
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| AUD/USD intraday: key ST resistance at 1.024. |
Pivot: 1.024
Our preference: Short positions below 1.024 with targets @ 1.015 & 1.0125 in extension.
Alternative scenario: Above 1.024 look for further upside with 1.028 & 1.0325 as targets.
Comment: as long as 1.024 is resistance, look for choppy price action with a bearish bias.
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