TC FX Analysis

Date:2018/7/02 GBP/USD Intraday: target 1.3230.

EUR/USD Intraday: the upside prevails.

Pivot: 1.1640

Our preference: long positions above 1.1640 with targets at 1.1695 & 1.1720 in extension.

Alternative scenario: below 1.1640 look for further downside with 1.1610 & 1.1570 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

GBP/USD Intraday: target 1.3230.

Pivot: 1.3160

Our preference: long positions above 1.3160 with targets at 1.3230 & 1.3260 in extension.

Alternative scenario: below 1.3160 look for further downside with 1.3125 & 1.3085 as targets.

Comment: the RSI lacks downward 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

AUD/USD Intraday: bullish bias above 0.7380.

Pivot: 0.7380

Our preference: long positions above 0.7380 with targets at 0.7415 & 0.7430 in extension.

Alternative scenario: below 0.7380 look for further downside with 0.7365 & 0.7335 as targets.

Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

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: bullish bias above 110.55.

Pivot: 110.55

Our preference: long positions above 110.55 with targets at 110.90 & 111.15 in extension.

Alternative scenario: below 110.55 look for further downside with 110.35 & 110.10 as targets.

Comment: a support base at 110.55 has formed and has allowed for a temporary stabilisation.

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: bullish bias above 1251.00.

Pivot: 1251.00

Our preference: long positions above 1251.00 with targets at 1257.00 & 1259.00 in extension.

Alternative scenario: below 1251.00 look for further downside with 1248.00 & 1245.50 as targets.

Comment: the RSI lacks downward 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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