Forex Daily Analysis (2015.11.17)

Source: FxPro Forex Broker

EUR/USD Intraday: the downside prevails.

Pivot: 1.0725

Most Likely Scenario: Short positions below 1.0725 with targets @ 1.0625 & 1.06 in extension.

Alternative scenario: Above 1.0725 look for further upside with 1.077 & 1.083 as targets.

Comment: The RSI is mixed to bearish.

EUR/USD Chart

GBP/USD Intraday: under pressure.

Pivot: 1.524

Most Likely Scenario: Short positions below 1.524 with targets @ 1.514 & 1.5095 in extension.

Alternative scenario: Above 1.524 look for further upside with 1.5275 & 1.531 as targets.

Comment: The RSI is badly directed.

GBP/USD Chart

USD/JPY Intraday: the upside prevails.

Pivot: 122.9

Most Likely Scenario: Long positions above 122.9 with targets @ 123.6 & 124 in extension.

Alternative scenario: Below 122.9 look for further downside with 122.6 & 122.35 as targets.

Comment: The RSI is bullish and calls for further upside.

USD/JPY Chart