TC FX Analysis

Date:2018/6/21 EUR/USD Intraday: key resistance at 1.1600.

EUR/USD Intraday: key resistance at 1.1600.

Pivot: 1.1600

Our preference: short positions below 1.1600 with targets at 1.1555 & 1.1530 in extension.

Alternative scenario: above 1.1600 look for further upside with 1.1625 & 1.1645 as targets.

Comment: the upward potential is likely to be limited by the resistance at 1.1600.

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 1.3150.

Pivot: 1.3150

Our preference: long positions above 1.3150 with targets at 1.3220 & 1.3250 in extension.

Alternative scenario: below 1.3150 look for further downside with 1.3105 & 1.3060 as targets.

Comment: a support base at 1.3150 has formed and has allowed for a temporary stabilisation.

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: 0.7390

Our preference: short positions below 0.7390 with targets at 0.7345 & 0.7325 in extension.

Alternative scenario: above 0.7390 look for further upside with 0.7410 & 0.7425 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

USD/JPY Intraday: further advance.

Pivot: 110.15

Our preference: long positions above 110.15 with targets at 110.60 & 110.90 in extension.

Alternative scenario: below 110.15 look for further downside with 109.95 & 109.70 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

Gold spot Intraday: under pressure.

Pivot: 1276.50

Our preference: short positions below 1276.50 with targets at 1267.00 & 1261.00 in extension.

Alternative scenario: above 1276.50 look for further upside with 1280.50 & 1284.00 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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