Midday Daily Fx Technical Strategies





EUR/USD Intraday: consolidation.


Pivot:1.1175


Our preference:short positions below 1.1175 with targets at 1.1145 & 1.1130 in extension.


Alternative scenario:above 1.1175 look for further upside with 1.1185 & 1.1200 as targets.


Comment:the RSI is mixed to bearish.



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USD/JPY Intraday: the bias remains bullish.


Pivot:108.25


Our preference:long positions above 108.25 with targets at 108.55 & 108.70 in extension.


Alternative scenario:below 108.25 look for further downside with 108.15 & 108.00 as targets.


Comment:the RSI shows upside momentum.




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GBP/USD Intraday: the downside prevails.


Pivot:1.2940


Our preference:short positions below 1.2940 with targets at 1.2905 & 1.2890 in extension.


Alternative scenario:above 1.2940 look for further upside with 1.2955 & 1.2975 as targets.


Comment:the RSI shows downside momentum.




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EUR/GBP intraday: the upside prevails as long as 0.8614 is support


Our pivot point is at 0.8614.


Our preference:the upside prevails as long as 0.8614 is support.


Alternative scenario:the downside breakout of 0.8614 would call for 0.8581 and 0.8562.


Comment:the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 0.8634 and 0.8631).




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