EUR/USD 4-hour: Consolidating.
Invest Diva positioning: Short positions below 1.1150 with targets at 1.1067 and 1.0931 in extension.
Technical reasons why: The pair is consolidating above the key support level at 1.1150 while it remains below the Ichimoku’s cloud and the RSI is moving below the neutrality area. A break below this level would signal a further down-moves.
Alternative Scenario: Above 1.1150 look for further upside with 1.1261 and 1.1386.
Where I’m setting my stops and limits:
Support Levels | Turning Point | Resistance Levels |
---|---|---|
1.1067 | 1.1150 | 1.1386 |
1.0931 | 1.1261 |
USD/JPY 4-hour: Back to the 61% Fibonacci level.
Invest Diva positioning: Long positions above 119.59 with targets at 119.91 and 120.44 in extension.
Technical reasons why: The pair is back to the key level at the 61% Fibonacci level while it remains above the Ichimoku’s cloud with the RSI above the neutrality area.
Alternative Scenario: Below 119.59 look for further downside with 119.33 and 118.74.
Where I’m setting my stops and limits:
Support Levels | Turning Point | Resistance Levels |
---|---|---|
119.33 | 119.59 | 120.44 |
118.74 | 119.91 |
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