TC FX Analysis

Date:2018/12/19 USD/JPY Intraday: key resistance at 112.65.

EUR/USD Intraday: the upside prevails.
Pivot: 1.1350

Our preference: long positions above 1.1350 with targets at 1.1385 & 1.1405 in extension.

Alternative scenario: below 1.1350 look for further downside with 1.1330 & 1.1310 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

 

GBP/USD Intraday: rebound expected.
Pivot: 1.2625

Our preference: long positions above 1.2625 with targets at 1.2670 & 1.2705 in extension.

Alternative scenario: below 1.2625 look for further downside with 1.2590 & 1.2555 as targets.

Comment: a support base at 1.2625 has formed and has allowed for a temporary stabilisation.

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: rebound.
Pivot: 0.7165

Our preference: long positions above 0.7165 with targets at 0.7205 & 0.7220 in extension.

Alternative scenario: below 0.7165 look for further downside with 0.7150 & 0.7135 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: key resistance at 112.65.
Pivot: 112.65

Our preference: short positions below 112.65 with targets at 112.35 & 112.20 in extension.

Alternative scenario: above 112.65 look for further upside with 112.85 & 113.05 as targets.

Comment: the upward potential is likely to be limited by the resistance at 112.65.

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: further upside.
Pivot: 1245.50

Our preference: long positions above 1245.50 with targets at 1253.50 & 1256.00 in extension.

Alternative scenario: below 1245.50 look for further downside with 1242.50 & 1240.00 as targets.

Comment: the RSI is bullish and calls for further upside.

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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