EUR/USD: The downside prevails
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Pivot (invalidation): 1.1370
Our preference
Short positions below 1.1370 with targets at 1.1320 & 1.1300 in extension.
Alternative scenario
Above 1.1370 look for further upside with 1.1390 & 1.1410 as targets.
Comment
As Long as the resistance at 1.1370 is not surpassed, the risk of the break below 1.1320 remains high.
GBP/USD: Watch 1.2505
Pivot (invalidation): 1.2575
Our preference
Short positions below 1.2575 with targets at 1.2530 & 1.2505 in extension.
Alternative scenario
Above 1.2575 look for further upside with 1.2590 & 1.2610 as targets.
Comment
A break below 1.2530 would trigger a drop towards 1.2505.
USD/JPY: Turning down
Pivot (invalidation): 107.35
Our preference
Short positions below 107.35 with targets at 107.05 & 106.90 in extension.
Alternative scenario
Above 107.35 look for further upside with 107.50 & 107.60 as targets.
Comment
The RSI calls for a new downleg.
Reprinted from FXStreet，the copyright all reserved by the original author.
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