TC FX Analysis

Date:2018/6/28 GBP/USD Intraday: target 1.3100.

EUR/USD Intraday: key resistance at 1.1595.

Pivot: 1.1595

Our preference: short positions below 1.1595 with targets at 1.1525 & 1.1500 in extension.

Alternative scenario: above 1.1595 look for further upside with 1.1630 & 1.1670 as targets.

Comment: the break below 1.1595 is a negative signal that has opened a path to 1.1525.

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: target 1.3100.

Pivot: 1.3150

Our preference: short positions below 1.3150 with targets at 1.3100 & 1.3070 in extension.

Alternative scenario: above 1.3150 look for further upside with 1.3190 & 1.3235 as targets.

Comment: a break below 1.3100 would trigger a drop towards 1.3070.

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: watch 0.7320.

Pivot: 0.7380

Our preference: short positions below 0.7380 with targets at 0.7320 & 0.7300 in extension.

Alternative scenario: above 0.7380 look for further upside with 0.7405 & 0.7425 as targets.

Comment: a break below 0.7320 would trigger a drop towards 0.7300.

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: 110.00

Our preference: long positions above 110.00 with targets at 110.50 & 110.75 in extension.

Alternative scenario: below 110.00 look for further downside with 109.65 & 109.35 as targets.

Comment: technically the RSI is above 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

Gold spot Intraday: under pressure.

Pivot: 1256.00

Our preference: short positions below 1256.00 with targets at 1249.50 & 1247.00 in extension.

Alternative scenario: above 1256.00 look for further upside with 1259.00 & 1262.50 as targets.

Comment: as long as 1256.00 is resistance, likely decline to 1249.50.

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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