GBP/USD 4-hour: Broke below the Ichimoku’s cloud.
Invest Diva positioning: Short positions below 1.5172 with targets at 1.5053 and 1.4954 in extension.
Technical reasons why: The pair broke below the Ichimoku’s cloud and our pivot level at 1.5172. The RSI is below the neutrality area.
Alternative Scenario: Above 1.5226 look for further upside towards 1.5332 and 1.505.
Where I’m setting my stops and limits:
| Support Levels | Turning Point | Resistance Levels |
|---|---|---|
| 1.5053 | 1.5226 | 1.5505 |
| 1.4954 | 1.5172 | 1.5335 |
NZD/USD 4-hour: Rebounding.
Invest Diva positioning: Long positions above 0.7625 with targets at 0.7694 and 0.7790 in extension.
Technical reasons why: The pair reached our bearish target at 0.7625 and is rebounding from the level. The RSI is heading up to the neutrality area.
Alternative Scenario: Below 0.7694 look for further downside towards 0.7551 and 0.7487.
Where I’m setting my stops and limits:
| Support Levels | Turning Point | Resistance Levels |
|---|---|---|
| 0.7551 | 0.7625 | 0.7790 |
| 0.7487 | 0.7694 |
USD/JPY 4-hour: Back to the Ichimoku’s cloud.
Invest Diva positioning: Short positions below 117.98 with targets at 116.05 and 113.66 in extension.
Technical reasons why: The pair fell into the Ichimoku’s cloud again and continues to drop below the support level at 117.98. The RSI is heading down below the neutrality area.
Alternative Scenario: Above 117.98 look for further upside towards 118.79 and 120.63.
Where I’m setting my stops and limits:
| Support Levels | Turning Point | Resistance Levels |
|---|---|---|
| 115.59 | 117.98 | 120.63 |
| 113.66 | 118.79 |
USD/CAD 4-hour: Reached the target.
Invest Diva positioning: Long positions above 1.2090 with targets at 1.2215 and 1.2323 in extension.
Technical reasons why: The pair reached our bullish target at 1.2090 and stays on uptrend above the Ichimoku’s cloud. The RSI is above the neutrality area.
Alternative Scenario: Below 1.2090 look for further downside towards 1.1996 and 1.1880.
Where I’m setting my stops and limits:
| Support Levels | Turning Point | Resistance Levels |
|---|---|---|
| 1.1996 | 1.2090 | 1.2323 |
| 1.1880 | 1.2215 |
EUR/USD 4-hour: Consolidating.
Invest Diva positioning: No positions.
Technical reasons why: The pair is consolidating above the previous bottom level at 1.1548 below 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 |
|---|---|---|
| 1.1468 | 1.1548 | 1.1875 |
| 1.1384 | 1.1782 |
AUD/USD 4-hour: Dropped.
Invest Diva positioning: Short positions below 0.8080 with targets at 0.8036 and 0.7879 in extension.
Technical reasons why: The pair dropped to the key support level at 0.8080 with breaking below the Ichimoku’s cloud. A break below of this level would signal a further drop. The RSI is heading to the over-sold zone below the neutrality area.
Alternative Scenario: Above 0.8080 look for further upside towards 0.8213 and 0.8322.
Where I’m setting my stops and limits:
| Support Levels | Turning Point | Resistance Levels |
|---|---|---|
| 0.8036 | 0.8080 | 0.8322 |
| 0.7879 | 0.8213 |
#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.
