EUR/USD Intraday: the bias remains bullish.
Pivot: 1.1725
Our preference: long positions above 1.1725 with targets at 1.1775 & 1.1795 in extension.
Alternative scenario: below 1.1725 look for further downside with 1.1710 & 1.1690 as targets.
Comment: a support base at 1.1725 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
GBP/USD Intraday: supported by a rising trend line.
Pivot: 1.3150
Our preference: long positions above 1.3150 with targets at 1.3195 & 1.3220 in extension.
Alternative scenario: below 1.3150 look for further downside with 1.3125 & 1.3100 as targets.
Comment: the RSI has just landed on its neutrality area at 50% and is turning up.
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: choppy.
Pivot: 0.7275
Our preference: short positions below 0.7275 with targets at 0.7250 & 0.7235 in extension.
Alternative scenario: above 0.7275 look for further upside with 0.7290 & 0.7300 as targets.
Comment: the RSI lacks upward 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
USD/JPY Intraday: watch 112.45.
Pivot: 112.90
Our preference: short positions below 112.90 with targets at 112.60 & 112.45 in extension.
Alternative scenario: above 112.90 look for further upside with 113.05 & 113.15 as targets.
Comment: a break below 112.60 would trigger a drop towards 112.45.
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 1193.50 & 1190.50 in extension.
Alternative scenario: above 1200.00 look for further upside with 1204.00 & 1207.50 as targets.
Comment: as long as 1200.00 is resistance, expect a return to 1193.50.
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.