Pivot (invalidation): 11530.00 Our preference Long positions above 11530.00 with targets at 11840.00 & 11930.00 in extension. Alternative scenario...
USDJPY recovers with eyes on 107.21 resistance zone. This is coming on the back of its Monday gain. On the upside, resistance comes in at 107.00 level. Above this level will turn attention to the 107.50 level. Further out, we expect a possible move towards the 108.00 level...
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GBPUSD continues to face corrective recovery risk as it eyes further bullishness. Support comes in at 1.2100 with a turn below that level shifting focus to the 1.2050 level. Further down, support resides at the 1.2000 level where a break will turn attention to the 1.1950 level...