Sample Category Title

Pivot (invalidation): 1261.00

Our preference Long positions above 1261.00 with targets at 1270.00 & 1276.50 in extension.

Alternative scenario Below 1261.00 look for further downside with 1255.50 & 1249.00 as targets.

Comment The RSI is mixed to bullish.

Pivot (invalidation): 0.8750

Our preference Long positions above 0.8750 with targets at 0.8770 & 0.8780 in extension.

Alternative scenario Below 0.8750 look for further downside with 0.8730 & 0.8715 as targets.

Comment Intraday technical indicators are mixed and call for caution.

Pivot (invalidation): 0.7370

Our preference Long positions above 0.7370 with targets at 0.7410 & 0.7425 in extension.

Alternative scenario Below 0.7370 look for further downside with 0.7345 & 0.7325 as targets.

Comment The RSI is bullish and calls for further upside.

Pivot (invalidation): 1.3330

Our preference Short positions below 1.3330 with targets at 1.3265 & 1.3235 in extension.

Alternative scenario Above 1.3330 look for further upside with 1.3365 & 1.3400 as targets.

Comment The RSI lacks upward momentum.

Pivot (invalidation): 0.9935

Our preference Short positions below 0.9935 with targets at 0.9895 & 0.9870 in extension.

Alternative scenario Above 0.9935 look for further upside with 0.9960 & 0.9985 as targets.

Comment A break below 0.9895 would trigger a drop towards 0.9870.

Pivot (invalidation): 110.25

Our preference Short positions below 110.25 with targets at 109.70 & 109.50 in extension.

Alternative scenario Above 110.25 look for further upside with 110.55 & 110.75 as targets.

Comment As Long as 110.25 is resistance, look for choppy price action with a bearish bias.

Pivot (invalidation): 1.3230

Our preference Long positions above 1.3230 with targets at 1.3275 & 1.3300 in extension.

Alternative scenario Below 1.3230 look for further downside with 1.3210 & 1.3180 as targets.

Comment The RSI is bullish and calls for further upside.

Pivot (invalidation): 1.1575

Our preference Long positions above 1.1575 with targets at 1.1645 & 1.1675 in extension.

Alternative scenario Below 1.1575 look for further downside with 1.1555 & 1.1530 as targets.

Comment The RSI advocates for further upside.

Our pivot (invalidation) point stands at 6838.

Our preference The downside prevails as Long as 6838 is resistance.

Alternative scenario Above 6838, look for 7050 and 7176.

Comment The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 6697 and 6720).

The British Pound strengthened against the Greenback, following the UK Interest Rates data release on Thursday. The GBR/USD currency pair gained 54 pip0.s, or 0.41%, to continue fluctuating in the 1.3200 area.

The Bank of England (BOE) released Interest Rates data that came out in a line with a forecast of 0.50% in May, and stayed unchanged from the previous period.

Jeavon Lolay of Lloyds Bank stands: "The surprising switch by Bank of England chief economist Haldane to support an immediate rate hike puts August firmly on the table. There will be even more interest in what governor Carney says tonight at the annual Mansion House speech."