EUR/USD Intraday: key resistance at 1.1405.
Pivot: 1.1405
Our preference: short positions below 1.1405 with targets at 1.1370 & 1.1350 in extension.
Alternative scenario: above 1.1405 look for further upside with 1.1430 & 1.1455 as targets.
Comment: the upward potential is likely to be limited by the resistance at 1.1405.
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: bounce.
Pivot: 1.2950
Our preference: long positions above 1.2950 with targets at 1.3050 & 1.3090 in extension.
Alternative scenario: below 1.2950 look for further downside with 1.2905 & 1.2855 as targets.
Comment: the RSI calls for a new upleg.
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: under pressure.
Pivot: 0.7220
Our preference: short positions below 0.7220 with targets at 0.7180 & 0.7160 in extension.
Alternative scenario: above 0.7220 look for further upside with 0.7260 & 0.7285 as targets.
Comment: a break below 0.7180 would trigger a drop towards 0.7160.
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 upside prevails.
Pivot: 112.90
Our preference: long positions above 112.90 with targets at 113.35 & 113.60 in extension.
Alternative scenario: below 112.90 look for further downside with 112.70 & 112.55 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
Gold spot Intraday: further advance.
Pivot: 1230.50
Our preference: long positions above 1230.50 with targets at 1237.50 & 1240.00 in extension.
Alternative scenario: below 1230.50 look for further downside with 1228.00 & 1224.50 as targets.
Comment: the RSI advocates for further advance.
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.