TC FX Analysis

Date:2018/10/05 USD/JPY Intraday: key resistance at 114.05.

EUR/USD Intraday: the bias remains bullish.
Pivot: 1.1490

Our preference: long positions above 1.1490 with targets at 1.1545 & 1.1565 in extension.

Alternative scenario: below 1.1490 look for further downside with 1.1460 & 1.1430 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

GBP/USD Intraday: the upside prevails.
Pivot: 1.2980

Our preference: long positions above 1.2980 with targets at 1.3040 & 1.3080 in extension.

Alternative scenario: below 1.2980 look for further downside with 1.2950 & 1.2920 as targets.

Comment: technically the RSI is above its neutrality area at 50. The pair has broken above the upper boundary of a bearish channel drawn from September 27.

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 0.7035.
Pivot: 0.7095

Our preference: short positions below 0.7095 with targets at 0.7060 & 0.7035 in extension.

Alternative scenario: above 0.7095 look for further upside with 0.7120 & 0.7145 as targets.

Comment: a break below 0.7060 would trigger a drop towards 0.7035.

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 114.05.
Pivot: 114.05

Our preference: short positions below 114.05 with targets at 113.50 & 113.30 in extension.

Alternative scenario: above 114.05 look for further upside with 114.25 & 114.55 as targets.

Comment: as long as 114.05 is resistance, look for choppy price action with a bearish bias.

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: under pressure.
Pivot: 1205.50

Our preference: short positions below 1205.50 with targets at 1195.50 & 1189.50 in extension.

Alternative scenario: above 1205.50 look for further upside with 1208.50 & 1211.00 as targets.

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

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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