Sample Category Title

Pivot (invalidation): 5.7030

Our preference Long positions above 5.7030 with targets at 5.7330 & 5.7580 in extension.

Alternative scenario Below 5.7030 look for further downside with 5.6900 & 5.6700 as targets.

Comment The RSI lacks downward momentum.

Pivot (invalidation): 0.7010

Our preference Long positions above 0.7010 with targets at 0.7045 & 0.7060 in extension.

Alternative scenario Below 0.7010 look for further downside with 0.6995 & 0.6980 as targets.

Comment The RSI calls for a new upleg.

Pivot (invalidation): 1.3045

Our preference Short positions below 1.3045 with targets at 1.3020 & 1.3010 in extension.

Alternative scenario Above 1.3045 look for further upside with 1.3055 & 1.3070 as targets.

Comment As Long as the resistance at 1.3045 is not surpassed, the risk of the break below 1.3020 remains high.

Pivot (invalidation): 0.9860

Our preference Short positions below 0.9860 with targets at 0.9835 & 0.9820 in extension.

Alternative scenario Above 0.9860 look for further upside with 0.9880 & 0.9895 as targets.

Comment As Long as 0.9860 is resistance, likely decline to 0.9835.

Daily Pivots: (S1) 135.46; (P) 135.75; (R1) 135.98; More...

Intraday bias in GBP/JPY remains neural at this point. Some more consolidation could be seen. But outlook will remain bearish as long as 137.78 resistance holds. Break of 135.08 will extend recent decline to 131.51 low next.

In the bigger picture, medium term fall from 156.59 (2018 high) is still in progress. Break of 131.51 will target 122.36 (2016 low). Structure of such decline is corrective looking so far, arguing that it's just the second leg of consolidation from 122.36. Thus, we'd expect strong support from 122.36 to contain downside to bring reversal.

Pivot (invalidation): 107.80

Our preference Long positions above 107.80 with targets at 108.25 & 108.45 in extension.

Alternative scenario Below 107.80 look for further downside with 107.55 & 107.35 as targets.

Comment The RSI calls for a new upleg.

Daily Pivots: (S1) 121.35; (P) 121.79; (R1) 122.06; More....

Intraday bias in EUR/JPY remains neutral for the moment. We're still favoring the case that consolidation from 120.78 has completed with three waves to 123.35. Below 121.31 will target retest of 120.78 first. Break will resume fall from 127.50 to 118.62 low. In case of another rise as consolidation from 120.78 extends, upside should be limited by 123.73 resistance to bring fall resumption eventually.

In the bigger picture, down trend from 137.49 is still in progress with the cross staying inside long term falling channel. Break of 118.62 will extend the fall to 109.48 (2016 low). On the upside, break of 127.50 resistance is needed to be the first sign of medium term reversal. Otherwise, outlook will remain bearish in case of strong rebound.

Pivot (invalidation): 1.2550

Our preference Long positions above 1.2550 with targets at 1.2590 & 1.2615 in extension.

Alternative scenario Below 1.2550 look for further downside with 1.2520 & 1.2490 as targets.

Comment Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Pivot (invalidation): 1.1255

Our preference Long positions above 1.1255 with targets at 1.1285 & 1.1305 in extension.

Alternative scenario Below 1.1255 look for further downside with 1.1240 & 1.1225 as targets.

Comment Technically the RSI is above its neutrality area at 50.

Bitcoin is trading bck under the $10,600 level in early Monday trade, after the BTCUSD pair suffered heavy losses over the weekend. The short and medium-term outlook for the BTCUSD pair is now shifting, with price now making lower highs and crucially, lower lows. A break below the pyschological $10,000 level exposes a very important technical test of the $9,600 support level.

The BTCUSD pair is only bullish while trading above the $11,800 level, key resistance is located at the $12,000 and $12,400 levels.

If the BTCUSD pair trades under the $11,800 level, sellers may test towards the $10,000 and $9,600 support levels.