TC FX Analysis

Date:2018/12/05 USD/JPY Intraday: watch 112.25.

EUR/USD Intraday: under pressure.
Pivot: 1.1365

Our preference: short positions below 1.1365 with targets at 1.1315 & 1.1300 in extension.

Alternative scenario: above 1.1365 look for further upside with 1.1380 & 1.1410 as targets.

Comment: as long as the resistance at 1.1365 is not surpassed, the risk of the break below 1.1315 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

 

GBP/USD Intraday: key resistance at 1.2750.
Pivot: 1.2750

Our preference: short positions below 1.2750 with targets at 1.2680 & 1.2660 in extension.

Alternative scenario: above 1.2750 look for further upside with 1.2790 & 1.2820 as targets.

Comment: as long as the resistance at 1.2750 is not surpassed, the risk of the break below 1.2680 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

 

AUD/USD Intraday: key resistance at 0.7360.
Pivot: 0.7360

Our preference: short positions below 0.7360 with targets at 0.7325 & 0.7305 in extension.

Alternative scenario: above 0.7360 look for further upside with 0.7395 & 0.7430 as targets.

Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.

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: watch 112.25.
Pivot: 113.00

Our preference: short positions below 113.00 with targets at 112.55 & 112.25 in extension.

Alternative scenario: above 113.00 look for further upside with 113.15 & 113.40 as targets.

Comment: a break below 112.55 would trigger a drop towards 112.25.

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: bullish bias above 1235.00.
Pivot: 1235.00

Our preference: long positions above 1235.00 with targets at 1242.00 & 1244.50 in extension.

Alternative scenario: below 1235.00 look for further downside with 1228.00 & 1223.00 as targets.

Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

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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