USD/JPY 4-hour: Reached the target.
Invest Diva positioning: Long positions above 120.11 with targets at 120.44 and 120.88 in extension.
Technical reasons why: The pair reached the first bullish target at 120.11 above the Ichimoku’s cloud. The RSI is moving up above the neutrality area.
Alternative Scenario: Below 120.11 look for further downside with 119.59 and 119.33.
Where I’m setting my stops and limits:
Support Levels | Turning Point | Resistance Levels |
---|---|---|
119.59 | 120.11 | 120.88 |
119.33 | 120.44 |
USD/CHF 4-hour: Uptrend prevails.
Invest Diva positioning: Long positions above 0.9501 with targets at 0.9767 and 1.0197 in extension.
Technical reasons why: The pair continues to move up towards the 76% Fibonacci level at 0.9767 above the Ichimoku’s cloud. The RSI is at the over-bought zone.
Alternative Scenario: Below 0.9501 look for further downside with 0.9286 and 0.9070.
Where I’m setting my stops and limits:
Support Levels | Turning Point | Resistance Levels |
---|---|---|
0.9286 | 0.9501 | 1.0197 |
0.9070 | 0.9767 |
#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.