GBP/USD Intraday: bullish bias above 1.2645. | GeminiCap

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TC FX Analysis

Date：2018/12/21 GBP/USD Intraday: bullish bias above 1.2645.

EUR/USD Intraday: bullish bias above 1.1430.
Pivot: 1.1430

Our preference: long positions above 1.1430 with targets at 1.1485 & 1.1520 in extension.

Alternative scenario: below 1.1430 look for further downside with 1.1400 & 1.1375 as targets.

Comment: technically 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

GBP/USD Intraday: bullish bias above 1.2645.
Pivot: 1.2645

Our preference: long positions above 1.2645 with targets at 1.2690 & 1.2710 in extension.

Alternative scenario: below 1.2645 look for further downside with 1.2625 & 1.2605 as targets.

Comment: the RSI is mixed to bullish.

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 0.7130.
Pivot: 0.7130

Our preference: short positions below 0.7130 with targets at 0.7100 & 0.7085 in extension.

Alternative scenario: above 0.7130 look for further upside with 0.7150 & 0.7170 as targets.

Comment: the upward potential is likely to be limited by the resistance at 0.7130.

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: under pressure.
Pivot: 111.75

Our preference: short positions below 111.75 with targets at 110.75 & 110.35 in extension.

Alternative scenario: above 111.75 look for further upside with 112.15 & 112.65 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

Gold spot Intraday: the upside prevails.
Pivot: 1255.00

Our preference: long positions above 1255.00 with targets at 1266.50 & 1272.00 in extension.

Alternative scenario: below 1255.00 look for further downside with 1251.00 & 1246.00 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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