TC FX Analysis

Date:2018/6/11 EUR/USD Intraday: continuation of the rebound.

EUR/USD Intraday: continuation of the rebound.

Pivot: 1.1735

Our preference: long positions above 1.1735 with targets at 1.1790 & 1.1810 in extension.

Alternative scenario: below 1.1735 look for further downside with 1.1710 & 1.1680 as targets.

Comment: the RSI advocates 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: continuation of the rebound.

Pivot: 1.3380

Our preference: long positions above 1.3380 with targets at 1.3440 & 1.3470 in extension.

Alternative scenario: below 1.3380 look for further downside with 1.3355 & 1.3330 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: continuation of the rebound.

Pivot: 0.7580

Our preference: long positions above 0.7580 with targets at 0.7610 & 0.7630 in extension.

Alternative scenario: below 0.7580 look for further downside with 0.7560 & 0.7540 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

USD/JPY Intraday: key resistance at 109.60.

Pivot: 109.60

Our preference: short positions below 109.60 with targets at 109.15 & 108.90 in extension.

Alternative scenario: above 109.60 look for further upside with 109.85 & 110.05 as targets.

Comment: as long as 109.60 is resistance, likely decline to 109.15.

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: the bias remains bullish.

Pivot: 1293.00

Our preference: long positions above 1293.00 with targets at 1303.25 & 1306.75 in extension.

Alternative scenario: below 1293.00 look for further downside with 1290.00 & 1287.50 as targets.

Comment: a support base at 1293.00 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

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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