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Pivot (invalidation): 109.70 Our preference Short positions below 109.70 with targets at 109.15 & 109.00 in extension. Alternative scenario Above 109.70 look for further upside with 109.90 & 110.05 as targets...

Pivot (invalidation): 1.2880 Our preference Short positions below 1.2880 with targets at 1.2825 & 1.2780 in extension. Alternative scenario Above 1.2880 look for further upside with 1.2925 & 1.2960 as targets...

Pivot (invalidation): 1.1195 Our preference Long positions above 1.1195 with targets at 1.1225 & 1.1245 in extension. Alternative scenario Below 1.1195 look for further downside with 1.1180 & 1.1165 as targets...

Successful trading is challenging. One of the reasons for this is that almost any market is an open system. It's affected by unpredictable events which happen outside. This is obvious if you trade a single instrument...

Optimal Turning Point Pattern Scanner version 8.31 Released – 15 May 2019 So we have been working hard to deliver something amazing in our Optimal Turning Pattern Scanner. We have just released Optimal Turning Point Pattern Scanner version 8.31...

Market participants are looking closely for signs of a recovery in economic growth in the euro area, as 1Q 2019 GDP figures are released this morning. Although considering yesterday release of ZEW sentiment indicator for May pointing to -1.6 (prior: 4...

Pivot (invalidation): 61.75 Our preference Short positions below 61.75 with targets at 61.15 & 60.65 in extension. Alternative scenario Above 61.75 look for further upside with 62.10 & 62.65 as targets...

Pivot (invalidation): 14.7100 Our preference Long positions above 14.7100 with targets at 14.8600 & 14.9000 in extension. Alternative scenario Below 14.7100 look for further downside with 14.6700 & 14.6000 as targets...

Pivot (invalidation): 1299.50 Our preference Short positions below 1299.50 with targets at 1293.25 & 1289.25 in extension. Alternative scenario Above 1299.50 look for further upside with 1303.00 & 1306.00 as targets...

Pivot (invalidation): 2820.00 Our preference Long positions above 2820.00 with targets at 2871.75 & 2890.00 in extension. Alternative scenario Below 2820.00 look for further downside with 2802.00 & 2785.50 as targets...

Pivot (invalidation): 11875.00 Our preference Long positions above 11875.00 with targets at 12030.00 & 12140.00 in extension. Alternative scenario Below 11875.00 look for further downside with 11790.00 & 11730.00 as targets...

Pivot (invalidation): 6.0180 Our preference Long positions above 6.0180 with targets at 6.0750 & 6.1080 in extension. Alternative scenario Below 6.0180 look for further downside with 5.9900 & 5.9530 as targets...

Pivot (invalidation): 6.0180 Our preference Long positions above 6.0180 with targets at 6.0750 & 6.1080 in extension. Alternative scenario Below 6.0180 look for further downside with 5.9900 & 5.9530 as targets...

Pivot (invalidation): 0.6950 Our preference Short positions below 0.6950 with targets at 0.6915 & 0.6900 in extension. Alternative scenario Above 0.6950 look for further upside with 0.6965 & 0.6985 as targets...

Pivot (invalidation): 1.3485 Our preference Short positions below 1.3485 with targets at 1.3445 & 1.3420 in extension. Alternative scenario Above 1.3485 look for further upside with 1.3505 & 1.3525 as targets...

c Pivot (invalidation): 1.0065 Our preference Long positions above 1.0065 with targets at 1.0100 & 1.0125 in extension. Alternative scenario...

Pivot (invalidation): 109.45 Our preference Long positions above 109.45 with targets at 109.80 & 110.05 in extension. Alternative scenario Below 109.45 look for further downside with 109.25 & 109.00 as targets...

Pivot (invalidation): 1.2935 Our preference Short positions below 1.2935 with targets at 1.2900 & 1.2865 in extension. Alternative scenario Above 1.2935 look for further upside with 1.2970 & 1.3000 as targets...

Pivot (invalidation): 1.1220 Our preference Short positions below 1.1220 with targets at 1.1200 & 1.1180 in extension. Alternative scenario Above 1.1220 look for further upside with 1.1230 & 1.1245 as targets...

GBPUSD retains its downside pressure on further weakness. Support lies at 1.2850 as it look for more weakness. Below that level will open the door for more decline towards 1.2800 level. Further down, support comes in at the 1.2750 level where a break will turn focus to the 1.2700 level...