USD/JPY 4-hour: Reached the new top level.

8:30 am (EST) Update

EUR/USD 4-hour: Broke down the previous bottom.

Invest Diva positioning: Short positions below 1.0823 with targets at 1.0676 and 1.0520 in extension.

Technical reasons why: The pair broke down the current bottom level at 1.0823 below the Ichimoku’s cloud. The RSI is at the over-sold zone.

Alternative Scenario: Above 1.0823 look for further upside with 1.0986 and 1.1168.

Where I’m setting my stops and limits:

NZD/USD 4-hour: Broke below the 23% Fibonacci level.

Invest Diva positioning: Short positions below 0.7343 with targets at 0.7175 and 0.6970 in extension.

Technical reasons why: The pair broke below the key support level at the 23% Fibonacci level below the Ichimoku’s cloud. The RSI is at the over-sold zone.

Alternative Scenario: Above 0.7343 look for further upside with 0.7447 and 0.7532.

Where I’m setting my stops and limits:

USD/CHF 4-hour: Reached the target.

Invest Diva positioning: Long positions above 0.9960 with targets at 1.0197 and 1.0353 in extension.

Technical reasons why: The pair remains uptrend and reached our bullish target at 0.9960 above the Ichimoku’s cloud. The RSI is at the over-bought zone.

Alternative Scenario: Below 0.9960 look for further downside with 0.9767 and 0.9501.

Where I’m setting my stops and limits:

USD/JPY 4-hour: Reached the new top level.

Invest Diva positioning: No positions.

Technical reasons why: The pair surpassed our bullish target at 121.60 and is now rebounding from its new top level at 122 with a strong bearish candle-stick above the Ichimoku’s cloud. A break above this top level would signal a further up-moves.

Where I’m setting my stops and limits:

Kiana Danial

#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.