EUR/USD 4-hour: Consolidating.
Invest Diva positioning: Short positions below 1.1191 with targets at 1.1067 and 1.0931 in extension.
Technical reasons why: The pair is consolidating at the pivot level at 1.1191 below the Ichimoku’s cloud. The RSI is below the neutrality area.
Alternative Scenario: Above 1.1191 look for further upside with 1.1277 and 1.1426.
Where I’m setting my stops and limits:
| Support Levels | Turning Point | Resistance Levels |
|---|---|---|
| 1.1067 | 1.1191 | 1.1426 |
| 1.0931 | 1.1277 |
GBP/USD 4-hour: Entering the Ichimoku’s cloud.
Invest Diva positioning: Short positions below 1.5441 with targets at 1.5352 and 1.5280 in extension.
Technical reasons why: The pair is entering the Ichimoku’s cloud below the pivot level with the RSI below the neutrality area.
Alternative Scenario: Above 1.5441 look for further upside with 1.5537 and 1.5584.
Where I’m setting my stops and limits:
| Support Levels | Turning Point | Resistance Levels |
|---|---|---|
| 1.5352 | 1.5441 | 1.5584 |
| 1.5280 | 1.5537 |
USD/JPY 4-hour: Reached he 76% Fibonacci level.
Invest Diva positioning: Short positions below 119.91 with targets at 119.59 and 119.33 in extension.
Technical reasons why: The pair reached our target at the 76% Fibonacci level and is rebounding above the Ichimoku’s cloud. The RSI is moving down from the over-bought zone.
Alternative Scenario: Above 119.91 look for further upside with 120.44 and 120.88.
Where I’m setting my stops and limits:
| Support Levels | Turning Point | Resistance Levels |
|---|---|---|
| 119.59 | 119.91 | 120.88 |
| 119.33 | 120.44 |
USD/CAD 4-hour: Consolidating.
Invest Diva positioning: Short positions below 1.2524 with targets at 1.2378 and 1.2090 in extension.
Technical reasons why: The pair is consolidating right below thhe Ichimoku’s cloud and the pivot level at 1.2524. The RSI keeps flat around the neutrality area.
Alternative Scenario: Above 1.2524 look for further upside with 1.2630 and 1.2779.
Where I’m setting my stops and limits:
| Support Levels | Turning Point | Resistance Levels |
|---|---|---|
| 1.2378 | 1.2524 | 1.2779 |
| 1.2090 | 1.2630 |
#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.
