EUR/USD Intraday: rebound expected.
Pivot: 1.1280
Our preference: long positions above 1.1280 with targets at 1.1320 & 1.1340 in extension.
Alternative scenario: below 1.1280 look for further downside with 1.1265 & 1.1250 as targets.
Comment: the RSI shows upside momentum.
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: continuation of the rebound.
Pivot: 1.2555
Our preference: long positions above 1.2555 with targets at 1.2605 & 1.2635 in extension.
Alternative scenario: below 1.2555 look for further downside with 1.2530 & 1.2515 as targets.
Comment: the RSI has just landed on its neutrality area at 50% and is turning up.
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 0.7185.
Pivot: 0.7185
Our preference: short positions below 0.7185 with targets at 0.7160 & 0.7150 in extension.
Alternative scenario: above 0.7185 look for further upside with 0.7195 & 0.7210 as targets.
Comment: the index currently faces a challenging resistance area at 0.7185.
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 113.00.
Pivot: 113.50
Our preference: short positions below 113.50 with targets at 113.15 & 113.00 in extension.
Alternative scenario: above 113.50 look for further upside with 113.70 & 113.90 as targets.
Comment: a break below 113.15 would trigger a drop towards 113.00.
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 1240.00.
Pivot: 1240.00
Our preference: short positions below 1240.00 with targets at 1235.00 & 1232.50 in extension.
Alternative scenario: above 1240.00 look for further upside with 1243.00 & 1247.00 as targets.
Comment: 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
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.