TC FX Analysis

Date:2018/9/10 GBP/USD Intraday: under pressure.

EUR/USD Intraday: the downside prevails.
Pivot: 1.1595

Our preference: short positions below 1.1595 with targets at 1.1530 & 1.1500 in extension.

Alternative scenario: above 1.1595 look for further upside with 1.1615 & 1.1650 as targets.

Comment: the break below 1.1595 is a negative signal that has opened a path to 1.1530.

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: 1.2960

Our preference: short positions below 1.2960 with targets at 1.2895 & 1.2870 in extension.

Alternative scenario: above 1.2960 look for further upside with 1.2990 & 1.3030 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

AUD/USD Intraday: watch 0.7095.
Pivot: 0.7145

Our preference: short positions below 0.7145 with targets at 0.7095 & 0.7065 in extension.

Alternative scenario: above 0.7145 look for further upside with 0.7170 & 0.7190 as targets.

Comment: a break below 0.7095 would trigger a drop towards 0.7065.

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: 110.70

Our preference: long positions above 110.70 with targets at 111.20 & 111.40 in extension.

Alternative scenario: below 110.70 look for further downside with 110.50 & 110.35 as targets.

Comment: even though a continuation of the consolidation 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

Gold spot Intraday: key resistance at 1200.00.
Pivot: 1200.00

Our preference: short positions below 1200.00 with targets at 1193.25 & 1190.00 in extension.

Alternative scenario: above 1200.00 look for further upside with 1203.00 & 1207.00 as targets.

Comment: the RSI calls for a drop.

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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