TC FX Analysis

Date:2019/1/11 GBP/USD Intraday: key resistance at 1.2780.

EUR/USD Intraday: watch 1.1445.
Pivot: 1.1540

Our preference: short positions below 1.1540 with targets at 1.1480 & 1.1445 in extension.

Alternative scenario: above 1.1540 look for further upside with 1.1570 & 1.1595 as targets.

Comment: a break below 1.1480 would trigger a drop towards 1.1445.

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 1.2780.
Pivot: 1.2780

Our preference: short positions below 1.2780 with targets at 1.2730 & 1.2705 in extension.

Alternative scenario: above 1.2780 look for further upside with 1.2805 & 1.2820 as targets.

Comment: as long as the resistance at 1.2780 is not surpassed, the risk of the break below 1.2730 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: the upside prevails.
Pivot: 0.7170

Our preference: long positions above 0.7170 with targets at 0.7200 & 0.7220 in extension.

Alternative scenario: below 0.7170 look for further downside with 0.7145 & 0.7115 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

 

USD/JPY Intraday: the upside prevails.
Pivot: 108.00

Our preference: long positions above 108.00 with targets at 108.50 & 108.80 in extension.

Alternative scenario: below 108.00 look for further downside with 107.75 & 107.50 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

 

Gold spot Intraday: target 1279.50.
Pivot: 1291.50

Our preference: short positions below 1291.50 with targets at 1283.50 & 1279.50 in extension.

Alternative scenario: above 1291.50 look for further upside with 1294.50 & 1297.00 as targets.

Comment: the RSI is mixed to bearish.

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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