TC FX Analysis

Date:2018/7/10 GBP/USD Intraday: limited upside.

EUR/USD Intraday: under pressure.

Pivot: 1.1770

Our preference: short positions below 1.1770 with targets at 1.1720 & 1.1700 in extension.

Alternative scenario: above 1.1770 look for further upside with 1.1790 & 1.1805 as targets.

Comment: the RSI is capped by a bearish trend line.

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: limited upside.

Pivot: 1.3220

Our preference: long positions above 1.3220 with targets at 1.3275 & 1.3300 in extension.

Alternative scenario: below 1.3220 look for further downside with 1.3190 & 1.3150 as targets.

Comment: the RSI calls for a rebound.

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 advance.

Pivot: 0.7450

Our preference: long positions above 0.7450 with targets at 0.7500 & 0.7515 in extension.

Alternative scenario: below 0.7450 look for further downside with 0.7435 & 0.7415 as targets.

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

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: 110.75

Our preference: long positions above 110.75 with targets at 111.25 & 111.40 in extension.

Alternative scenario: below 110.75 look for further downside with 110.55 & 110.30 as targets.

Comment: the RSI calls for a rebound.

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: 1262.00

Our preference: short positions below 1262.00 with targets at 1255.50 & 1253.00 in extension.

Alternative scenario: above 1262.00 look for further upside with 1266.00 & 1270.00 as targets.

Comment: technically the RSI is below 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

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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