TC FX Analysis

Date:2018/9/17 GBP/USD Intraday: under pressure.

EUR/USD Intraday: target 1.1575.
Pivot: 1.1660

Our preference: short positions below 1.1660 with targets at 1.1610 & 1.1575 in extension.

Alternative scenario: above 1.1660 look for further upside with 1.1685 & 1.1720 as targets.

Comment: the RSI has broken down its 30 level.

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: 1.3100

Our preference: short positions below 1.3100 with targets at 1.3055 & 1.3030 in extension.

Alternative scenario: above 1.3100 look for further upside with 1.3135 & 1.3165 as targets.

Comment: a break below 1.3055 would trigger a drop towards 1.3030.

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 0.7105.
Pivot: 0.7180

Our preference: short positions below 0.7180 with targets at 0.7130 & 0.7105 in extension.

Alternative scenario: above 0.7180 look for further upside with 0.7200 & 0.7215 as targets.

Comment: the RSI is bearish and calls for further downside.

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: 111.75

Our preference: long positions above 111.75 with targets at 112.15 & 112.35 in extension.

Alternative scenario: below 111.75 look for further downside with 111.50 & 111.35 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: the downside prevails.
Pivot: 1197.50

Our preference: short positions below 1197.50 with targets at 1190.25 & 1187.50 in extension.

Alternative scenario: above 1197.50 look for further upside with 1200.50 & 1203.50 as targets.

Comment: the RSI is bearish and calls for further downside.

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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