EUR/USD 4-hour: Supported by the Ichimoku’s cloud.
Invest Diva positioning: Long positions above 1.0854 with targets at 1.1092 and 1.1239 in extension.
Technical reasons why: The pair was temporary moving down while it was on an overall uptrend but is now rebounding from our pivot level at the 38% Fibonacci level and the Ichimoku’s cloud. The RSI is at the neutrality area.
Alternative Scenario: Below 1.0854 look for further downside with 1.0707 and 1.0469.
| Support Levels | Turning Point | Resistance Levels |
|---|---|---|
| 1.0707 | 1.0854 | 1.1239 |
| 1.0469 | 1.1092 |
GBP/USD 4-hour: Continues to consolidate.
Invest Diva positioning: No positions.
Technical reasons why: The pair continues to consolidate between the key levels at the 38% and 23% Fibonacci level around the Ichimoku’s cloud. The RSI also remains just around the neutrality area.
Where I’m setting my stops and limits:
| Support Levels | Turning Point | Resistance Levels |
|---|---|---|
| 1.4734 | 1.4986 | 1.5023 |
| 1.4637 | 1.4853 | 1.5094 |
#1 Best Selling Author. Helping you accelerate your retirement with Triple Compounding™ Former engineer on a mission to help 1 million households take control of their finances. Founder & CEO of Invest Diva.
