EUR/USD Intraday: key resistance at 1.1220.
Pivot: 1.1220
Our preference: short positions below 1.1220 with targets at 1.1175 & 1.1150 in extension.
Alternative scenario: above 1.1220 look for further upside with 1.1240 & 1.1260 as targets.
Comment: as long as the resistance at 1.1220 is not surpassed, the risk of the break below 1.1175 remains high.
GBP/USD Intraday: key resistance at 1.3075.
Pivot: 1.3075
Our preference: short positions below 1.3075 with targets at 1.3030 & 1.3000 in extension.
Alternative scenario: above 1.3075 look for further upside with 1.3100 & 1.3120 as targets.
Comment: as long as the resistance at 1.3075 is not surpassed, the risk of the break below 1.3030 remains high.
AUD/USD Intraday: watch 0.6985.
Pivot: 0.7035
Our preference: short positions below 0.7035 with targets at 0.7005 & 0.6985 in extension.
Alternative scenario: above 0.7035 look for further upside with 0.7050 & 0.7060 as targets.
Comment: a break below 0.7005 would trigger a drop towards 0.6985.
USD/JPY Intraday: bullish bias above 111.25.
Pivot: 111.25
Our preference: long positions above 111.25 with targets at 111.60 & 111.70 in extension.
Alternative scenario: below 111.25 look for further downside with 111.00 & 110.80 as targets.
Comment: the RSI lacks downward momentum.
Gold spot Intraday: key resistance at 1280.00.
Pivot: 1280.00
Our preference: short positions below 1280.00 with targets at 1272.75 & 1269.00 in extension.
Alternative scenario: above 1280.00 look for further upside with 1284.00 & 1286.00 as targets.
Comment: the RSI is mixed to bearish.
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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