EUR/USD Intraday: watch 1.1320.
Pivot: 1.1415
Our preference: short positions below 1.1415 with targets at 1.1350 & 1.1320 in extension.
Alternative scenario: above 1.1415 look for further upside with 1.1440 & 1.1470 as targets.
Comment: a break below 1.1350 would trigger a drop towards 1.1320.
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 downside prevails.
Pivot: 1.2830
Our preference: short positions below 1.2830 with targets at 1.2755 & 1.2700 in extension.
Alternative scenario: above 1.2830 look for further upside with 1.2880 & 1.2950 as targets.
Comment: a break below 1.2755 would trigger a drop towards 1.2700.
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: 0.7250
Our preference: short positions below 0.7250 with targets at 0.7190 & 0.7160 in extension.
Alternative scenario: above 0.7250 look for further upside with 0.7275 & 0.7300 as targets.
Comment: as long as the resistance at 0.7250 is not surpassed, the risk of the break below 0.7190 remains high.
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: 112.50
Our preference: long positions above 112.50 with targets at 112.95 & 113.20 in extension.
Alternative scenario: below 112.50 look for further downside with 112.25 & 112.00 as targets.
Comment: the break above 112.50 is a positive signal that has opened a path to 112.95.
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: break of a ST rising trendline support.
Pivot: 1226.00
Our preference: short positions below 1226.00 with targets at 1217.50 & 1213.50 in extension.
Alternative scenario: above 1226.00 look for further upside with 1229.00 & 1234.00 as targets.
Comment: the RSI advocates 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.