TC FX Analysis

Date:2018/6/19 GBP/USD Intraday: under pressure.

EUR/USD Intraday: the upside prevails.

Pivot: 1.1595

Our preference: long positions above 1.1595 with targets at 1.1645 & 1.1675 in extension.

Alternative scenario: below 1.1595 look for further downside with 1.1560 & 1.1540 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: under pressure.

Pivot: 1.3265

Our preference: short positions below 1.3265 with targets at 1.3225 & 1.3210 in extension.

Alternative scenario: above 1.3265 look for further upside with 1.3300 & 1.3350 as targets.

Comment: as long as 1.3265 is resistance, expect a return to 1.3225.

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: towards 0.7385.

Pivot: 0.7435

Our preference: short positions below 0.7435 with targets at 0.7385 & 0.7365 in extension.

Alternative scenario: above 0.7435 look for further upside with 0.7455 & 0.7480 as targets.

Comment: the RSI has broken down its 30 level.

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 downside prevails.

Pivot: 110.40

Our preference: short positions below 110.40 with targets at 110.05 & 109.90 in extension.

Alternative scenario: above 110.40 look for further upside with 110.60 & 110.75 as targets.

Comment: the RSI has broken down its 30 level.

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: key resistance at 1284.50.

Pivot: 1284.50

Our preference: short positions below 1284.50 with targets at 1275.00 & 1269.00 in extension.

Alternative scenario: above 1284.50 look for further upside with 1290.00 & 1293.50 as targets.

Comment: even though a continuation of the technical rebound 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

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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