Mr. British Pound Made us pips!

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Mr. British Pound Made us pips!

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The pick of the GBP/USD as Mr. British Pound and Ms. USA made us some pips at our target at 1.704. Congrats on you pips (If you were following our updates, that is The pair continues dancing within a bullish above the Ichimoku cloud. The RSI is flattening just above the over-bought zone but  so a top could be near, but our extension target is still set at 1.74.

A downside breakout of 1.6650 would change our bullish outlook to bearish, with targets set at 1.6450 and 1.62 in extension. Intraday further advance is likely with intraday top at 1.72 as a first target and 1.7235 in extension.
Long term traders. Don’t sweat the small losses and look at the big picture. Short term traders, invest responsibly.

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Intraday Forex Technical Levels

EUR/USD Intraday: under pressure.

Invest Diva likes: Short positions below 1.37 with targets @ 1.365 & 1.362 in extension.

If pair goes nuts: Above 1.37 look for further upside with 1.372 & 1.375 as targets.

What’s up on the forex dance floor: The pair has broken below a rising trend line and remains under pressure.

Supports and resistances:
1.375
1.372
1.37
1.3665 Last
1.365
1.362
1.36

GBP/USD Intraday: the upside prevails.

Invest Diva likes: Long positions above 1.7115 with targets @ 1.72 & 1.7235 in extension.

If pair goes nuts: Below 1.7115 look for further downside with 1.709 & 1.705 as targets.

What’s up on the forex dance floor: The pair stands above its strong support and remains on the upside.

Supports and resistances:
1.727
1.7235
1.72
1.7164 Last
1.7115
1.709
1.705

USD/JPY Intraday: the upside prevails.

Invest Diva likes: Long positions above 101.35 with targets @ 101.65 & 101.8 in extension.

If pair goes nuts: Below 101.35 look for further downside with 101.2 & 101 as targets.

What’s up on the forex dance floor: The pair is rebounding above its support.

Supports and resistances:
102
101.8
101.65
101.475 Last
101.35
101.2
101

USD/CHF Intraday: the downside prevails.

Invest Diva likes: Short positions below 0.8905 with targets @ 0.886 & 0.884 in extension.

If pair goes nuts: Above 0.8905 look for further upside with 0.8925 & 0.894 as targets.

What’s up on the forex dance floor: The pair is posting a rebound but stands below its resistance.

Supports and resistances:
0.894
0.8925
0.8905
0.8883 Last
0.886
0.884
0.8815

NZD/USD Intraday: key resistance at 0.879.

Invest Diva likes: Short positions below 0.879 with targets @ 0.872 & 0.87 in extension.

If pair goes nuts: Above 0.879 look for further upside with 0.8835 & 0.886 as targets.

What’s up on the forex dance floor: As long as 0.879 is resistance, look for choppy price action with a bearish bias.

Supports and resistances:
0.886
0.8835
0.879
0.8773 Last
0.872
0.87
0.868

AUD/USD Intraday: bullish bias above 0.9435.

Invest Diva likes: Long positions above 0.9435 with targets @ 0.9505 & 0.953 in extension.

If pair goes nuts: Below 0.9435 look for further downside with 0.941 & 0.9385 as targets.

What’s up on the forex dance floor: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. The pair has pushed above a declining trend line.

Supports and resistances:
0.957
0.953
0.9505
0.9456 Last
0.9435
0.941
0.9385

USD/CAD Intraday: under pressure.

Invest Diva likes: Short positions below 1.066 with targets @ 1.0615 & 1.058 in extension.

If pair goes nuts: Above 1.066 look for further upside with 1.0695 & 1.0725 as targets.

What’s up on the forex dance floor: Technically the RSI is below its neutrality area at 50.

Supports and resistances:
1.0725
1.0695
1.066
1.0632 Last
1.0615
1.058
1.0555

 Intraday US Index Technical Levels

S&P500 

Long positions above 1956 with targets @ 1978 & 1990 in extension.

Alternative scenario: Below 1956 look for further downside with 1950 & 1942 as targets.

Dow Jones

Long positions above 16750 with targets @ 16950 & 17000 in extension.

Alternative scenario: Below 16750 look for further downside with 16655 & 16550 as targets.

Nasdaq 100

Long positions above 3850 with targets @ 3903 & 3931 in extension.

Alternative scenario: Below 3850 look for further downside with 3829 & 3808 as targets.

Russell 2000

Long positions above 1185 with targets @ 1211 & 1217 in extension.

Alternative scenario: Below 1185 look for further downside with 1165 & 1156 as targets.