TC FX Analysis

Date:2018/7/03 GBP/USD Intraday: the upside prevails.

EUR/USD Intraday: the upside prevails.

Pivot: 1.1615

Our preference: long positions above 1.1615 with targets at 1.1655 & 1.1680 in extension.

Alternative scenario: below 1.1615 look for further downside with 1.1590 & 1.1570 as targets.

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

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 upside prevails.

Pivot: 1.3120

Our preference: long positions above 1.3120 with targets at 1.3160 & 1.3180 in extension.

Alternative scenario: below 1.3120 look for further downside with 1.3095 & 1.3065 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: further upside.

Pivot: 0.7320

Our preference: long positions above 0.7320 with targets at 0.7360 & 0.7380 in extension.

Alternative scenario: below 0.7320 look for further downside with 0.7305 & 0.7290 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

USD/JPY Intraday: target 111.05.

Pivot: 110.65

Our preference: long positions above 110.65 with targets at 111.05 & 111.25 in extension.

Alternative scenario: below 110.65 look for further downside with 110.35 & 110.10 as targets.

Comment: the RSI calls for a new upleg. The pair is supported by a rising trend line while challenging a key threshold at 111.

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: 1247.50

Our preference: short positions below 1247.50 with targets at 1239.00 & 1235.50 in extension.

Alternative scenario: above 1247.50 look for further upside with 1251.00 & 1255.50 as targets.

Comment: the RSI is mixed to bearish.

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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