02/23/2015 15:30 EST Update
EUR/USD 4-hour: Moving up to the key resistance level.
Invest Diva positioning: Short term long positions above 1.1277 with targets at 1.1426 and 1.1536 in extension.
Technical reasons why: The pair moves inside the small rage of key levels at 1.1426 and 1.1277, so it would be expected a short term up-moves to the key resistance level. The RSI is heading up to the neutrality area.
Alternative Scenario: Below 1.1277 look for further downside with 1.1146 and 1.0799.
Where I’m setting my stops and limits:
| Support Levels | Turning Point | Resistance Levels |
|---|---|---|
| 1.1146 | 1.4260 | 1.1797 |
| 1.0799 | 1.1277 | 1.1536 |
USD/JPY 4-hour: Continues to move between the key levels.
Invest Diva positioning: No positions.
Technical reasons why: The pair continues to move up and down between the pivot levels. The RSI is around the neutrality area.
Where I’m setting my stops and limits:
| Support Levels | Turning Point | Resistance Levels |
|---|---|---|
| 117.29 | 118.45 | 121.83 |
| 116.05 | 120.63 |
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