EUR/USD Intraday: watch 1.1180.
Pivot: 1.1220
Our preference: short positions below 1.1220 with targets at 1.1200 & 1.1180 in extension.
Alternative scenario: above 1.1220 look for further upside with 1.1230 & 1.1245 as targets.
Comment: a break below 1.1200 would trigger a drop towards 1.1180.
GBP/USD Intraday: 1.2865 expected.
Pivot: 1.2935
Our preference: short positions below 1.2935 with targets at 1.2900 & 1.2865 in extension.
Alternative scenario: above 1.2935 look for further upside with 1.2970 & 1.3000 as targets.
Comment: a break below 1.2900 would trigger a drop towards 1.2865.
AUD/USD Intraday: the downside prevails.
Pivot: 0.6950
Our preference: short positions below 0.6950 with targets at 0.6915 & 0.6900 in extension.
Alternative scenario: above 0.6950 look for further upside with 0.6965 & 0.6985 as targets.
Comment: the RSI is bearish and calls for further decline.
USD/JPY Intraday: target 110.05.
Pivot: 109.45
Our preference: long positions above 109.45 with targets at 109.80 & 110.05 in extension.
Alternative scenario: below 109.45 look for further downside with 109.25 & 109.00 as targets.
Comment: the RSI advocates for further upside.
Gold spot Intraday: expect 1289.25.
Pivot: 1299.50
Our preference: short positions below 1299.50 with targets at 1293.25 & 1289.25 in extension.
Alternative scenario: above 1299.50 look for further upside with 1303.00 & 1306.00 as targets.
Comment: the RSI has just struck against its neutrality area at 50% and is reversing down.
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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