EUR/USD Intraday: target 1.1240.
Pivot: 1.1315
Our preference: short positions below 1.1315 with targets at 1.1275 & 1.1240 in extension.
Alternative scenario: above 1.1315 look for further upside with 1.1345 & 1.1380 as targets.
Comment: a break below 1.1275 would trigger a drop towards 1.1240.
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: watch 1.2695.
Pivot: 1.2775
Our preference: short positions below 1.2775 with targets at 1.2720 & 1.2695 in extension.
Alternative scenario: above 1.2775 look for further upside with 1.2820 & 1.2865 as targets.
Comment: a break below 1.2720 would trigger a drop towards 1.2695.
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: continuation of the rebound.
Pivot: 0.7215
Our preference: long positions above 0.7215 with targets at 0.7250 & 0.7265 in extension.
Alternative scenario: below 0.7215 look for further downside with 0.7200 & 0.7185 as targets.
Comment: the RSI calls for a rebound.
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 bias remains bullish.
Pivot: 113.55
Our preference: long positions above 113.55 with targets at 114.00 & 114.20 in extension.
Alternative scenario: below 113.55 look for further downside with 113.40 & 113.15 as targets.
Comment: the break above 113.55 is a positive signal that has opened a path to 114.00.
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 1216.75.
Pivot: 1216.75
Our preference: short positions below 1216.75 with targets at 1211.50 & 1208.50 in extension.
Alternative scenario: above 1216.75 look for further upside with 1219.50 & 1223.00 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.