EUR/USD Intraday: under pressure.
Pivot: 1.1160
Our preference: short positions below 1.1160 with targets at 1.1115 & 1.1090 in extension.
Alternative scenario: above 1.1160 look for further upside with 1.1180 & 1.1205 as targets.
Comment: as long as 1.1160 is resistance, look for choppy price action with a bearish bias.
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 1.2915.
Pivot: 1.2915
Our preference: short positions below 1.2915 with targets at 1.2885 & 1.2865 in extension.
Alternative scenario: above 1.2915 look for further upside with 1.2945 & 1.2960 as targets.
Comment: as long as the resistance at 1.2915 is not surpassed, the risk of the break below 1.2885 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: rebound expected.
Pivot: 0.7005
Our preference: long positions above 0.7005 with targets at 0.7030 & 0.7050 in extension.
Alternative scenario: below 0.7005 look for further downside with 0.6985 & 0.6970 as targets.
Comment: the break above 0.7005 is a positive signal that has opened a path to 0.7030.
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: capped by a negative trend line.
Pivot: 111.70
Our preference: short positions below 111.70 with targets at 111.40 & 111.25 in extension.
Alternative scenario: above 111.70 look for further upside with 111.90 & 112.05 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
Gold spot Intraday: supported by a rising trend line.
Pivot: 1276.00
Our preference: long positions above 1276.00 with targets at 1282.50 & 1285.00 in extension.
Alternative scenario: below 1276.00 look for further downside with 1273.00 & 1270.00 as targets.
Comment: the RSI has just landed on its neutrality area at 50% and is turning up.
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.