EUR/USD Intraday: further advance.
Pivot: 1.1275
Our preference: long positions above 1.1275 with targets at 1.1340 & 1.1370 in extension.
Alternative scenario: below 1.1275 look for further downside with 1.1250 & 1.1215 as targets.
Comment: the RSI is bullish and calls 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
GBP/USD Intraday: target 1.3130.
Pivot: 1.2940
Our preference: long positions above 1.2940 with targets at 1.3080 & 1.3130 in extension.
Alternative scenario: below 1.2940 look for further downside with 1.2890 & 1.2840 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: the upside prevails.
Pivot: 0.7190
Our preference: long positions above 0.7190 with targets at 0.7235 & 0.7275 in extension.
Alternative scenario: below 0.7190 look for further downside with 0.7160 & 0.7140 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
USD/JPY Intraday: under pressure.
Pivot: 114.05
Our preference: short positions below 114.05 with targets at 113.55 & 113.35 in extension.
Alternative scenario: above 114.05 look for further upside with 114.20 & 114.40 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
Gold spot Intraday: key resistance at 1205.00.
Pivot: 1205.00
Our preference: short positions below 1205.00 with targets at 1199.00 & 1196.00 in extension.
Alternative scenario: above 1205.00 look for further upside with 1211.50 & 1215.00 as targets.
Comment: as long as 1205.00 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
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.