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