Please note that due to market volatility, some of the below sight prices may have already been reached and scenarios played out.
EUR/USD intraday: under pressure.
Pivot: 1.3475.
Our preference: SHORT positions @ 1.3465 with 1.3405 & 1.335 as next targets.
Alternative scenario: The upside breakout of 1.3475 will open the way to 1.352 & 1.3575.
Comment: the pair is breaking below the lower boundary of a bearish flag and should post further weakness as the RSI is badly directed but stands above its oversold area.
USD/JPY intraday: supported by a rising trend line.
Pivot: 92.90.
Our preference: LONG positions @ 93 with 93.85 & 94.45 in sight.
Alternative scenario: The downside penetration of 92.9 will call for a slide towards 92.4 & 92.1.
Comment: the pair is supported by a rising trend line and should post further advance as the RSI stands above its neutrality area and remains well directed.
Our preference: Short positions below 145.9 with targets @ 144.6 & 144.15 in extension.
Alternative scenario: Above 145.9 look for further upside with 146.65 & 147.3 as targets.
Comment: the pair remains capped by a declining trend line and should face further weakness, the RSI stands below its neutrality area and is turning down.
