EUR/USD Intraday: key resistance at 1.1165.
Pivot: 1.1165
Our preference: short positions below 1.1165 with targets at 1.1130 & 1.1120 in extension.
Alternative scenario: above 1.1165 look for further upside with 1.1180 & 1.1200 as targets.
Comment: as long as the resistance at 1.1165 is not surpassed, the risk of the break below 1.1130 remains high.
GBP/USD Intraday: under pressure.
Pivot: 1.2930
Our preference: short positions below 1.2930 with targets at 1.2910 & 1.2895 in extension.
Alternative scenario: above 1.2930 look for further upside with 1.2945 & 1.2960 as targets.
Comment: the RSI lacks upward momentum.
AUD/USD Intraday: bullish bias above 0.7030.
Pivot: 0.7030
Our preference: long positions above 0.7030 with targets at 0.7050 & 0.7060 in extension.
Alternative scenario: below 0.7030 look for further downside with 0.7015 & 0.7005 as targets.
Comment: technically the RSI is above its neutrality area at 50.
USD/JPY Intraday: choppy.
Pivot: 111.70
Our preference: short positions below 111.70 with targets at 111.45 & 111.35 in extension.
Alternative scenario: above 111.70 look for further upside with 111.85 & 112.00 as targets.
Comment: as long as the resistance at 111.70 is not surpassed, the risk of the break below 111.45 remains high.
Gold spot Intraday: towards 1295.00.
Pivot: 1282.50
Our preference: long positions above 1282.50 with targets at 1290.00 & 1295.00 in extension.
Alternative scenario: below 1282.50 look for further downside with 1279.00 & 1274.00 as targets.
Comment: the RSI is mixed to bullish.
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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