FOREX UPDATE on EUR/USD, USD/JPY, GBP/USD:

EUR/USD intraday: further upside. Pivot: 1.265 
Our preference: Long positions above 1.265 with targets @ 1.2745 & 1.2775 in extension. 
Alternative scenario: Below 1.265 look for further downside with 1.26 & 1.255 as targets. 
Comment: the pair should rebound on its intermediary support as the RSI is turning up. 
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GBP/USD intraday: the upside prevails. Pivot: 1.5185 
Our preference: Long positions above 1.5185 with targets @ 1.528 & 1.533 in extension. 
Alternative scenario: Below 1.5185 look for further downside with 1.515 & 1.51 as targets. 
Comment: the pair has rebounded on its new support and remains on the upside, the RSI is well directed. 
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USD/JPY intraday: under pressure. Pivot: 88.9 
Our preference: Short positions below 88.9 with targets @ 88.4 & 88.2 in extension. 
Alternative scenario: Above 88.9 look for further upside with 89.17 & 89.5 as targets. 
Comment: the pair is under pressure and is approaching its support, the RSI is badly directed. 
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