EUR/USD Intraday: limited upside.
Pivot: 1.1300
Our preference: long positions above 1.1300 with targets at 1.1335 & 1.1350 in extension.
Alternative scenario: below 1.1300 look for further downside with 1.1285 & 1.1260 as targets.
Comment: a support base at 1.1300 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
GBP/USD Intraday: bullish bias above 1.2910.
Pivot: 1.2910
Our preference: long positions above 1.2910 with targets at 1.2940 & 1.2960 in extension.
Alternative scenario: below 1.2910 look for further downside with 1.2890 & 1.2870 as targets.
Comment: a support base at 1.2910 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: the downside prevails.
Pivot: 0.7145
Our preference: short positions below 0.7145 with targets at 0.7120 & 0.7105 in extension.
Alternative scenario: above 0.7145 look for further upside with 0.7160 & 0.7175 as targets.
Comment: a break below 0.7120 would trigger a drop towards 0.7105.
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: 110.45
Our preference: long positions above 110.45 with targets at 110.80 & 110.95 in extension.
Alternative scenario: below 110.45 look for further downside with 110.25 & 110.00 as targets.
Comment: the RSI lacks downward 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
Gold spot Intraday: further upside.
Pivot: 1321.50
Our preference: long positions above 1321.50 with targets at 1331.00 & 1335.00 in extension.
Alternative scenario: below 1321.50 look for further downside with 1317.50 & 1314.00 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.