EUR/USD Intraday: supported by a rising trend line.
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 1.1140 & 1.1125 as targets.
Comment: the RSI advocates for further upside.
GBP/USD Intraday: key resistance at 1.2735.
Pivot: 1.2735
Our preference: short positions below 1.2735 with targets at 1.2685 & 1.2665 in extension.
Alternative scenario: above 1.2735 look for further upside with 1.2760 & 1.2785 as targets.
Comment: the RSI lacks upward momentum.
AUD/USD Intraday: continuation of the rebound.
Pivot: 0.6865
Our preference: long positions above 0.6865 with targets at 0.6890 & 0.6910 in extension.
Alternative scenario: below 0.6865 look for further downside with 0.6845 & 0.6830 as targets.
Comment: the RSI has just landed on its neutrality area at 50% and is turning up.
USD/JPY Intraday: further advance.
Pivot: 110.30
Our preference: long positions above 110.30 with targets at 110.80 & 111.05 in extension.
Alternative scenario: below 110.30 look for further downside with 110.05 & 109.85 as targets.
Comment: the RSI calls for a new upleg.
Gold spot Intraday: caution.
Pivot: 1276.25
Our preference: short positions below 1276.25 with targets at 1272.00 & 1270.75 in extension.
Alternative scenario: above 1276.25 look for further upside with 1279.00 & 1282.00 as targets.
Comment: the RSI is mixed and calls for caution.
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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