EUR/USD: Key resistance at 1.1255
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Pivot (invalidation): 1.1255
Our preference
Short positions below 1.1255 with targets at 1.1230 & 1.1215 in extension.
Alternative scenario
Above 1.1255 look for further upside with 1.1270 & 1.1285 as targets.
Comment
As Long as the resistance at 1.1255 is not surpassed, the risk of the break below 1.1230 remains high.
GBP/USD: Key resistance at 1.2330
Pivot (invalidation): 1.2330
Our preference
Short positions below 1.2330 with targets at 1.2280 & 1.2250 in extension.
Alternative scenario
Above 1.2330 look for further upside with 1.2360 & 1.2390 as targets.
Comment
As Long as the resistance at 1.2330 is not surpassed, the risk of the break below 1.2280 remains high.
USD/JPY: Further advance
Pivot (invalidation): 107.45
Our preference
Long positions above 107.45 with targets at 107.90 & 108.25 in extension.
Alternative scenario
Below 107.45 look for further downside with 107.25 & 107.00 as targets.
Comment
The RSI lacks downward momentum.
Reprinted from FXStreet，the copyright all reserved by the original author.
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