TC FX Analysis

Date:2018/6/29 EUR/USD Intraday: under pressure.

EUR/USD Intraday: under pressure.

Pivot: 1.1590

Our preference: short positions below 1.1590 with targets at 1.1550 & 1.1525 in extension.

Alternative scenario: above 1.1590 look for further upside with 1.1620 & 1.1640 as targets.

Comment: a break below 1.1550 would trigger a drop towards 1.1525.

Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point  | Black represents the price when the report was produced

GBP/USD Intraday: the downside prevails.

Pivot: 1.3110

Our preference: short positions below 1.3110 with targets at 1.3050 & 1.3015 in extension.

Alternative scenario: above 1.3110 look for further upside with 1.3150 & 1.3190 as targets.

Comment: as long as the resistance at 1.3110 is not surpassed, the risk of the break below 1.3050 remains high.

Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point  | Black represents the price when the report was produced

AUD/USD Intraday: key resistance at 0.7360.

Pivot: 0.7360

Our preference: short positions below 0.7360 with targets at 0.7335 & 0.7320 in extension.

Alternative scenario: above 0.7360 look for further upside with 0.7380 & 0.7405 as targets.

Comment: the upward potential is likely to be limited by the resistance at 0.7360.

Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point  | Black represents the price when the report was produced

USD/JPY Intraday: the bias remains bullish.

Pivot: 110.25

Our preference: long positions above 110.25 with targets at 110.75 & 111.00 in extension.

Alternative scenario: below 110.25 look for further downside with 110.00 & 109.65 as targets.

Comment: technically the RSI is above its neutrality area at 50.

Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point  | Black represents the price when the report was produced

Gold spot Intraday: under pressure.

Pivot: 1251.00

Our preference: short positions below 1251.00 with targets at 1243.50 & 1240.50 in extension.

Alternative scenario: above 1251.00 look for further upside with 1255.50 & 1260.00 as targets.

Comment: the RSI lacks upward momentum.

Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point  | Black represents the price when the report was produced

Any information contained in this report should not be deemed to constitute investment advice and should not be relied upon as the basis for a decision to place a trade, or as the basis for any financial or investment decision.

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