EUR/USD Intraday: the downside prevails.
Pivot: 1.1195
Our preference: short positions below 1.1195 with targets at 1.1155 & 1.1140 in extension.
Alternative scenario: above 1.1195 look for further upside with 1.1220 & 1.1240 as targets.
Comment: the break below 1.1195 is a negative signal that has opened a path to 1.1155.
GBP/USD Intraday: watch 1.3000.
Pivot: 1.3050
Our preference: short positions below 1.3050 with targets at 1.3015 & 1.3000 in extension.
Alternative scenario: above 1.3050 look for further upside with 1.3080 & 1.3100 as targets.
Comment: a break below 1.3015 would trigger a drop towards 1.3000.
AUD/USD Intraday: watch 0.6970.
Pivot: 0.7015
Our preference: short positions below 0.7015 with targets at 0.6985 & 0.6970 in extension.
Alternative scenario: above 0.7015 look for further upside with 0.7030 & 0.7050 as targets.
Comment: as long as 0.7015 is resistance, look for choppy price action with a bearish bias.
USD/JPY Intraday: bullish bias above 111.35.
Pivot: 111.35
Our preference: long positions above 111.35 with targets at 111.65 & 111.75 in extension.
Alternative scenario: below 111.35 look for further downside with 111.20 & 111.00 as targets.
Comment: a support base at 111.35 has formed and has allowed for a temporary stabilisation.
Gold spot Intraday: target 1264.00.
Pivot: 1274.50
Our preference: short positions below 1274.50 with targets at 1266.00 & 1264.00 in extension.
Alternative scenario: above 1274.50 look for further upside with 1277.50 & 1280.00 as targets.
Comment: the RSI lacks upward momentum.
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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