EUR/USD Intraday: the upside prevails.
Pivot: 1.1605
Our preference: long positions above 1.1605 with targets at 1.1650 & 1.1670 in extension.
Alternative scenario: below 1.1605 look for further downside with 1.1585 & 1.1570 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
GBP/USD Intraday: bullish bias above 1.3020.
Pivot: 1.3020
Our preference: long positions above 1.3020 with targets at 1.3080 & 1.3110 in extension.
Alternative scenario: below 1.3020 look for further downside with 1.2980 & 1.2950 as targets.
Comment: the break above 1.3020 is a positive signal that has opened a path to 1.3080.
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: target 0.7210.
Pivot: 0.7150
Our preference: long positions above 0.7150 with targets at 0.7195 & 0.7210 in extension.
Alternative scenario: below 0.7150 look for further downside with 0.7130 & 0.7110 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
USD/JPY Intraday: under pressure.
Pivot: 111.40
Our preference: short positions below 111.40 with targets at 111.05 & 110.85 in extension.
Alternative scenario: above 111.40 look for further upside with 111.65 & 111.75 as targets.
Comment: the break below 111.40 is a negative signal that has opened a path to 111.05.
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 upside prevails.
Pivot: 1202.25
Our preference: long positions above 1202.25 with targets at 1208.50 & 1212.50 in extension.
Alternative scenario: below 1202.25 look for further downside with 1198.00 & 1192.50 as targets.
Comment: the RSI shows upside 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
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.