EUR/USD Intraday: turning up.
Pivot: 1.1150
Our preference: long positions above 1.1150 with targets at 1.1180 & 1.1200 in extension.
Alternative scenario: below 1.1150 look for further downside with 1.1135 & 1.1120 as targets.
Comment: the RSI calls for a new upleg.
GBP/USD Intraday: under pressure.
Pivot: 1.2755
Our preference: short positions below 1.2755 with targets at 1.2710 & 1.2685 in extension.
Alternative scenario: above 1.2755 look for further upside with 1.2780 & 1.2805 as targets.
Comment: as long as the resistance at 1.2755 is not surpassed, the risk of the break below 1.2710 remains high.
AUD/USD Intraday: watch 0.6955.
Pivot: 0.6905
Our preference: long positions above 0.6905 with targets at 0.6935 & 0.6955 in extension.
Alternative scenario: below 0.6905 look for further downside with 0.6890 & 0.6875 as targets.
Comment: the RSI calls for a rebound.
USD/JPY Intraday: the upside prevails.
Pivot: 109.85
Our preference: long positions above 109.85 with targets at 110.15 & 110.35 in extension.
Alternative scenario: below 109.85 look for further downside with 109.70 & 109.50 as targets.
Comment: the RSI calls for a new upleg.
Gold spot Intraday: consolidation in place.
Pivot: 1279.00
Our preference: short positions below 1279.00 with targets at 1275.00 & 1273.50 in extension.
Alternative scenario: above 1279.00 look for further upside with 1282.00 & 1284.50 as targets.
Comment: as long as 1279.00 is resistance, expect a return to 1275.00.
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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