EUR/USD Intraday: further upside.
Pivot: 1.1340
Our preference: long positions above 1.1340 with targets at 1.1360 & 1.1370 in extension.
Alternative scenario: below 1.1340 look for further downside with 1.1325 & 1.1310 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
GBP/USD Intraday: under pressure.
Pivot: 1.3300
Our preference: short positions below 1.3300 with targets at 1.3240 & 1.3210 in extension.
Alternative scenario: above 1.3300 look for further upside with 1.3330 & 1.3360 as targets.
Comment: the RSI lacks upward 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
AUD/USD Intraday: under pressure.
Pivot: 0.7105
Our preference: short positions below 0.7105 with targets at 0.7075 & 0.7060 in extension.
Alternative scenario: above 0.7105 look for further upside with 0.7120 & 0.7135 as targets.
Comment: the RSI is bearish and calls for further downside.
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: rebound expected.
Pivot: 111.25
Our preference: long positions above 111.25 with targets at 111.50 & 111.60 in extension.
Alternative scenario: below 111.25 look for further downside with 111.15 & 111.00 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
Gold spot Intraday: bullish bias above 1303.50.
Pivot: 1303.50
Our preference: long positions above 1303.50 with targets at 1308.00 & 1311.00 in extension.
Alternative scenario: below 1303.50 look for further downside with 1300.50 & 1298.00 as targets.
Comment: a support base at 1303.50 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
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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