EUR/USD Intraday: turning down.
Pivot: 1.1240
Our preference: short positions below 1.1240 with targets at 1.1220 & 1.1210 in extension.
Alternative scenario: above 1.1240 look for further upside with 1.1255 & 1.1265 as targets.
Comment: as long as the resistance at 1.1240 is not surpassed, the risk of the break below 1.1220 remains high.
GBP/USD Intraday: watch 1.2900.
Pivot: 1.2990
Our preference: short positions below 1.2990 with targets at 1.2940 & 1.2900 in extension.
Alternative scenario: above 1.2990 look for further upside with 1.3015 & 1.3040 as targets.
Comment: a break below 1.2940 would trigger a drop towards 1.2900.
AUD/USD Intraday: target 0.6915.
Pivot: 0.6965
Our preference: short positions below 0.6965 with targets at 0.6930 & 0.6915 in extension.
Alternative scenario: above 0.6965 look for further upside with 0.6985 & 0.7005 as targets.
Comment: technically the RSI is below its neutrality area at 50.
USD/JPY Intraday: under pressure.
Pivot: 109.55
Our preference: short positions below 109.55 with targets at 109.00 & 108.75 in extension.
Alternative scenario: above 109.55 look for further upside with 109.80 & 110.05 as targets.
Comment: as long as the resistance at 109.55 is not surpassed, the risk of the break below 109.00 remains high.
Gold spot Intraday: look for 1310.50.
Pivot: 1295.50
Our preference: long positions above 1295.50 with targets at 1306.00 & 1310.50 in extension.
Alternative scenario: below 1295.50 look for further downside with 1291.50 & 1288.00 as targets.
Comment: the RSI advocates for further advance.
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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