GBP/USD 4-hour: Continues to drop as breaking below the previous bottom.
Invest Diva positioning: Short positions below 1.4892 with targets at 1.4809 and 1.4647 in extension.
Technical reasons why: The pair reached our bearish target and continues to drop down below the Ichimoku’s cloud. The RSI is at overs-sold zone.
Alternative Scenario: Above 1.4892 look for further upide with 1.5047 and 1.5144.
Where I’m setting my stops and limits:
| Support Levels | Turning Point | Resistance Levels |
|---|---|---|
| 1.4809 | 1.4892 | 1.5047 |
| 1.4647 | 1.5144 |
USD/CHF 4-hour: Uptrend prevails.
Invest Diva positioning: Long positions above 0.9960 with targets at 1.0197 and 1.0353 in extension.
Technical reasons why: The pair keep on an overall uptrend towards the previous level before Black Thursday. The RSI is above the neutrality area.
Alternative Scenario: Below 0.9960 look for further downside with 0.9767 and 0.9501.
Where I’m setting my stops and limits:
| Support Levels | Turning Point | Resistance Levels |
|---|---|---|
| 0.9767 | 0.9960 | 1.0353 |
| 0.9501 | 1.0197 |
