02/09/2015 15:30 Update
GBP/USD 4-hour: Rebounding.
Invest Diva positioning: Long positions above 1.5271 with targets at 1.5368 and 1.5466 in extension.
Technical reasons why: The pair is rebounding and back to the 38% Fibonacci level and the center boundary of the Bollinger band while it remains above the Ichimoku’s cloud. The RSI is slightly above the neutrality area.
Alternative Scenario: Below 1.5271 look for further downside towards 1.5150 and 1.5053.
Where I’m setting my stops and limits:
| Support Levels | Turning Point | Resistance Levels |
|---|---|---|
| 1.5150 | 1.5271 | 1.5466 |
| 1.5053 | 1.5368 |
AUD/USD 4-hour: Entered the Ichimoku’s cloud.
Invest Diva positioning: No positions.
Technical reasons why: The pair is consolidating below the pivot level at 0.7879 as entering the Ichimoku’s cloud. The RSI is at the neutrality area.
Where I’m setting my stops and limits:
| Support Levels | Turning Point | Resistance Levels |
|---|---|---|
| 0.7661 | 0.7879 | 0.8213 |
| 0.7457 | 0.8036 |
