EUR/GBP Sees Bullish Bias Above 0.9030; GBP/USD Further Upside
Swissquote Ltd | Aug 27, 2018 10:08
EUR/USD The bias remains bullish
Pivot (invalidation): 1.1590
Our preference
Long positions above 1.1590 with targets at 1.1675 and 1.1700 in extension.
Alternative scenario
Below 1.1590 look for further downside with 1.1555 and 1.1525 as targets.
Comment
The RSI is mixed with a bullish bias.
GBP/USD Further upside
Pivot (invalidation): 1.2830
Our preference
Long positions above 1.2830 with targets at 1.2885 and 1.2910 in extension.
Alternative scenario
Below 1.2830 look for further downside with 1.2800 and 1.2780 as targets.
Comment
The RSI advocates for further upside.
USD/JPY The downside prevails
Pivot (invalidation): 111.35
Our preference
Short positions below 111.35 with targets at 110.70 and 110.35 in extension.
Alternative scenario
Above 111.35 look for further upside with 111.75 and 112.00 as targets.
Comment
The RSI has broken down its 30 level.
USD/CHF The downside prevails
Pivot (invalidation): 0.9840
Our preference
Short positions below 0.9840 with targets at 0.9805 and 0.9785 in extension.
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Alternative scenario
Above 0.9840 look for further upside with 0.9865 and 0.9890 as targets.
Comment
The RSI is mixed to bearish.
USD/CAD The downside prevails
Pivot (invalidation): 1.3040
Our preference
Short positions below 1.3040 with targets at 1.2985 and 1.2960 in extension.
Alternative scenario
Above 1.3040 look for further upside with 1.3070 and 1.3100 as targets.
Comment
The RSI calls for a drop.
AUD/USD Caution
Pivot (invalidation): 0.7315
Our preference
Long positions above 0.7315 with targets at 0.7345 and 0.7365 in extension.
Alternative scenario
Below 0.7315 look for further downside with 0.7285 and 0.7265 as targets.
Comment
Technically the RSI is above its neutrality area at 50.
EUR/GBP Bullish bias above 0.9030
Pivot (invalidation): 0.9030
Our preference
Long positions above 0.9030 with targets at 0.9070 and 0.9095 in extension.
Alternative scenario
Below 0.9030 look for further downside with 0.9000 and 0.8985 as targets.
Comment
The RSI is mixed to bullish.
EUR/CHF Watch 1.1445
Pivot (invalidation): 1.1410
Our preference
Long positions above 1.1410 with targets at 1.1445 and 1.1460 in extension.
Alternative scenario
Below 1.1410 look for further downside with 1.1390 and 1.1370 as targets.
Comment
The RSI is mixed with a bullish bias.
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