TC FX Analysis

Date:2018/7/11 USD/JPY Intraday: under pressure.

EUR/USD Intraday: under pressure.

Pivot: 1.1750

Our preference: short positions below 1.1750 with targets at 1.1705 & 1.1690 in extension.

Alternative scenario: above 1.1750 look for further upside with 1.1770 & 1.1790 as targets.

Comment: as long as 1.1750 is resistance, expect a return to 1.1705.

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: rebound expected.

Pivot: 1.3230

Our preference: long positions above 1.3230 with targets at 1.3300 & 1.3325 in extension.

Alternative scenario: below 1.3230 look for further downside with 1.3190 & 1.3150 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: under pressure.

Pivot: 0.7450

Our preference: short positions below 0.7450 with targets at 0.7390 & 0.7375 in extension.

Alternative scenario: above 0.7450 look for further upside with 0.7470 & 0.7485 as targets.

Comment: as long as 0.7450 is resistance, likely decline to 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: under pressure.

Pivot: 111.10

Our preference: short positions below 111.10 with targets at 110.65 & 110.55 in extension.

Alternative scenario: above 111.10 look for further upside with 111.30 & 111.45 as targets.

Comment: the RSI is capped by a declining 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

Gold spot Intraday: rebound expected.

Pivot: 1251.00

Our preference: long positions above 1251.00 with targets at 1257.00 & 1260.25 in extension.

Alternative scenario: below 1251.00 look for further downside with 1247.00 & 1243.00 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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