TC FX Analysis

Date:2018/6/26 Gold spot Intraday: under pressure.

EUR/USD Intraday: target 1.1725.

Pivot: 1.1670

Our preference: long positions above 1.1670 with targets at 1.1725 & 1.1755 in extension.

Alternative scenario: below 1.1670 look for further downside with 1.1630 & 1.1600 as targets.

Comment: the break above 1.1670 is a positive signal that has opened a path to 1.1725.

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: the bias remains bullish.

Pivot: 1.3250

Our preference: long positions above 1.3250 with targets at 1.3315 & 1.3350 in extension.

Alternative scenario: below 1.3250 look for further downside with 1.3220 & 1.3180 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: 0.7430

Our preference: short positions below 0.7430 with targets at 0.7395 & 0.7370 in extension.

Alternative scenario: above 0.7430 look for further upside with 0.7445 & 0.7460 as targets.

Comment: as long as the resistance at 0.7430 is not surpassed, the risk of the break below 0.7395 remains high.

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: 109.35

Our preference: long positions above 109.35 with targets at 109.85 & 110.20 in extension.

Alternative scenario: below 109.35 look for further downside with 109.00 & 108.70 as targets.

Comment: a support base at 109.35 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

Gold spot Intraday: under pressure.

Pivot: 1270.50

Our preference: short positions below 1270.50 with targets at 1261.00 & 1257.00 in extension.

Alternative scenario: above 1270.50 look for further upside with 1273.00 & 1276.50 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

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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