EUR/USD Intraday: intraday support around 1.1320.
Pivot: 1.1320
Our preference: long positions above 1.1320 with targets at 1.1355 & 1.1370 in extension.
Alternative scenario: below 1.1320 look for further downside with 1.1300 & 1.1280 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
GBP/USD Intraday: the upside prevails.
Pivot: 1.3020
Our preference: long positions above 1.3020 with targets at 1.3095 & 1.3125 in extension.
Alternative scenario: below 1.3020 look for further downside with 1.2980 & 1.2940 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
AUD/USD Intraday: further advance.
Pivot: 0.7120
Our preference: long positions above 0.7120 with targets at 0.7180 & 0.7205 in extension.
Alternative scenario: below 0.7120 look for further downside with 0.7095 & 0.7070 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
USD/JPY Intraday: key resistance at 110.90.
Pivot: 110.90
Our preference: short positions below 110.90 with targets at 110.55 & 110.40 in extension.
Alternative scenario: above 110.90 look for further upside with 111.10 & 111.30 as targets.
Comment: a break below 110.55 would trigger a drop towards 110.40.
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: caution.
Pivot: 1326.00
Our preference: long positions above 1326.00 with targets at 1333.00 & 1336.00 in extension.
Alternative scenario: below 1326.00 look for further downside with 1322.00 & 1318.50 as targets.
Comment: the RSI is mixed and calls for caution.
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.