EUR/USD Intraday: under pressure.
Pivot: 1.1240
Our preference: short positions below 1.1240 with targets at 1.1210 & 1.1195 in extension.
Alternative scenario: above 1.1240 look for further upside with 1.1260 & 1.1285 as targets.
Comment: as long as the resistance at 1.1240 is not surpassed, the risk of the break below 1.1210 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
GBP/USD Intraday: watch 1.3000.
Pivot: 1.3095
Our preference: short positions below 1.3095 with targets at 1.3035 & 1.3000 in extension.
Alternative scenario: above 1.3095 look for further upside with 1.3140 & 1.3170 as targets.
Comment: a break below 1.3035 would trigger a drop towards 1.3000.
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 0.7090.
Pivot: 0.7090
Our preference: short positions below 0.7090 with targets at 0.7065 & 0.7055 in extension.
Alternative scenario: above 0.7090 look for further upside with 0.7105 & 0.7120 as targets.
Comment: the upward potential is likely to be limited by the resistance at 0.7090.
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: further upside.
Pivot: 110.40
Our preference: long positions above 110.40 with targets at 110.80 & 111.00 in extension.
Alternative scenario: below 110.40 look for further downside with 110.20 & 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: under pressure.
Pivot: 1300.00
Our preference: short positions below 1300.00 with targets at 1282.50 & 1279.50 in extension.
Alternative scenario: above 1300.00 look for further upside with 1308.00 & 1312.50 as targets.
Comment: the RSI is bearish and calls for further decline.
Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point | Black represents the price when the report was produced