Pre US Open, Daily Technical Analysis   Friday, February 12, 2016

Please note that due to market volatility, some of the below sight prices may have already been reached and scenarios played out.

EUR/USD Intraday: under pressure.

Pivot: 1.1330

Most Likely Scenario: short positions below 1.1330 with targets @ 1.1245 & 1.1220 in extension.

Comment: the RSI is mixed to bearish.

GBP/USD Intraday: the upside prevails.

Pivot: 1.4435

Most Likely Scenario: long positions above 1.4435 with targets @ 1.4615 & 1.4670 in extension.

Alternative scenario: below 1.4435 look for further downside with 1.4380 & 1.4320 as targets.

Comment: the RSI is well directed.

USD/JPY Intraday: under pressure.

Pivot: 113.10

Most Likely Scenario: short positions below 113.10 with targets @ 111.60 & 111.00 in extension.