02/13/2015 8:30 Update
GBP/USD 4-hour: Reached the target and rebounding.
Invest Diva positioning: Short positions below 1.5413 with targets at 1.5271 and 1.5150 in extension.
Technical reasons why: The pair reached and is rebounding from the bullish target at 1.5413 while it is above the Ichimoku’s cloud. The RSI is below the over-bouht zone.
Alternative Scenario: Above 1.5413 look for further upside towards 1.5573 and 1.5753.
Where I’m setting my stops and limits:
| Support Levels | Turning Point | Resistance Levels |
|---|---|---|
| 1.5271 | 1.5413 | 1.5753 |
| 1.5150 | 1.5573 |
AUD/USD 4-hour: Moving down from the resistance level.
Invest Diva positioning: Short positions below 0.7794 with targets at 0.7660 and 0.7457 in extension.
Technical reasons why: The pair is heading down from the 23% Fibonacci level and the pivot level at 0.7794 below the Ichimoku’s cloud. The RSI is slightly below the neutrality area.
Alternative Scenario: Above 0.7794 look for further upside with 0.8010 and 0.8227.
Where I’m setting my stops and limits:
| Support Levels | Turning Point | Resistance Levels |
|---|---|---|
| 0.7660 | 0.7794 | 0.8227 |
| 0.7457 | 0.8010 |
USD/JPY 4-hour: Rebounding from the key support level.
Invest Diva positioning: Long positions above 118.45 with targets at 120.63 and 121.83 in extension.
Technical reasons why: The pair is rebounding from the key support level at 118.45 above the Ichimoku’s cloud. The RSI is at the neutrality area.
Alternative Scenario: Below 118.45 look for further downside towards 117.29 and 116.05.
Where I’m setting my stops and limits:
| Support Levels | Turning Point | Resistance Levels |
|---|---|---|
| 117.29 | 118.45 | 121.83 |
| 116.05 | 120.63 |
USD/CAD 4-hour: Moving inside Ichimoku’s cloud.
Invest Diva positioning: Long positions above 1.2445 with targets at 1.2630 and 1.2779 in extension.
Technical reasons why: The pair reached our target and the key resistance level at 1.2445 and failed to break below. It is now rebounding from the level within the Ichimoku’s cloud. The RSI is around the neutrality area.
Alternative Scenario: Below 1.2630 look for further downside with 1.2090 and 1.1880.
Where I’m setting my stops and limits:
| Support Levels | Turning Point | Resistance Levels |
|---|---|---|
| 1.2090 | 1.2445 | 1.2779 |
| 1.1880 | 1.2630 |
