EUR/USD Intraday: rebound expected.
Pivot: 1.1170
Our preference: long positions above 1.1170 with targets at 1.1205 & 1.1220 in extension.
Alternative scenario: below 1.1170 look for further downside with 1.1155 & 1.1145 as targets.
Comment: technically the RSI is above its neutrality area at 50.
GBP/USD Intraday: key resistance at 1.3085.
Pivot: 1.3085
Our preference: short positions below 1.3085 with targets at 1.3040 & 1.3025 in extension.
Alternative scenario: above 1.3085 look for further upside with 1.3130 & 1.3175 as targets.
Comment: the index currently faces a challenging resistance area at 1.3085.
AUD/USD Intraday: target 0.6980.
Pivot: 0.7020
Our preference: short positions below 0.7020 with targets at 0.6995 & 0.6980 in extension.
Alternative scenario: above 0.7020 look for further upside with 0.7040 & 0.7060 as targets.
Comment: a break below 0.6995 would trigger a drop towards 0.6980.
USD/JPY Intraday: the downside prevails.
Pivot: 110.50
Our preference: short positions below 110.50 with targets at 110.00 & 109.80 in extension.
Alternative scenario: above 110.50 look for further upside with 110.75 & 110.95 as targets.
Comment: the break below 110.50 is a negative signal that has opened a path to 110.00.
Gold spot Intraday: towards 1291.00.
Pivot: 1280.75
Our preference: long positions above 1280.75 with targets at 1288.50 & 1291.00 in extension.
Alternative scenario: below 1280.75 look for further downside with 1276.50 & 1272.50 as targets.
Comment: the RSI advocates for further upside.
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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