[EURUSD]

Our Preference:

-        Long positions with targets at 1.1118.

Commentary/ Reason:

-        Chart entered rounding bottom pattern. it is expected to follow continuation into a bullish uptrend.
-        The RSI is above its neutrality area of 50.
-        Current bullish progression is still going.


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[CHFJPY]

Our Preference:

-        Short positions below 111.554, with target at 111.314.

Commentary/ Reason:

-        Chart is in regression trend, hence expect the continuation of bearish downtrend
-        The MACD is negative.
-        The pair is trading below its 200 Moving Average.


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[GBPUSD]

Our Preference:

-        Long positions above 1.2279 with target at 1.2240 and 1.2205 at extension.

Commentary/ Reason:

-        The MACD is above its signal line and positive. The configuration is positive.
-        The RSI is above its neutrality area of 50.
-        The pair is trading above its 200 and 50 Moving Averages.


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