TC FX Analysis

Date:2018/7/05 USD/JPY Intraday: turning up.

EUR/USD Intraday: the upside prevails.

Pivot: 1.1635

Our preference: long positions above 1.1635 with targets at 1.1675 & 1.1690 in extension.

Alternative scenario: below 1.1635 look for further downside with 1.1615 & 1.1590 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: bullish bias above 1.3200.

Pivot: 1.3200

Our preference: long positions above 1.3200 with targets at 1.3250 & 1.3270 in extension.

Alternative scenario: below 1.3200 look for further downside with 1.3170 & 1.3155 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

AUD/USD Intraday: key resistance at 0.7390.

Pivot: 0.7390

Our preference: short positions below 0.7390 with targets at 0.7370 & 0.7350 in extension.

Alternative scenario: above 0.7390 look for further upside with 0.7405 & 0.7425 as targets.

Comment: the upward potential is likely to be limited by the resistance at 0.7390.

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: turning up.

Pivot: 110.40

Our preference: long positions above 110.40 with targets at 110.75 & 110.95 in extension.

Alternative scenario: below 110.40 look for further downside with 110.25 & 110.00 as targets.

Comment: the RSI calls for a new upleg.

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 1254.00.

Pivot: 1254.00

Our preference: long positions above 1254.00 with targets at 1261.00 & 1265.00 in extension.

Alternative scenario: below 1254.00 look for further downside with 1250.00 & 1245.00 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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