EUR/USD Intraday: key resistance at 1.1165.
Pivot: 1.1165
Our preference: short positions below 1.1165 with targets at 1.1140 & 1.1130 in extension.
Alternative scenario: above 1.1165 look for further upside with 1.1180 & 1.1190 as targets.
Comment: as long as 1.1165 is resistance, look for choppy price action with a bearish bias.
GBP/USD Intraday: under pressure.
Pivot: 1.2690
Our preference: short positions below 1.2690 with targets at 1.2630 & 1.2600 in extension.
Alternative scenario: above 1.2690 look for further upside with 1.2720 & 1.2750 as targets.
Comment: as long as the resistance at 1.2690 is not surpassed, the risk of the break below 1.2630 remains high.
AUD/USD Intraday: bullish bias above 0.6870.
Pivot: 0.6870
Our preference: long positions above 0.6870 with targets at 0.6895 & 0.6910 in extension.
Alternative scenario: below 0.6870 look for further downside with 0.6850 & 0.6830 as targets.
Comment: a support base at 0.6870 has formed and has allowed for a temporary stabilisation.
USD/JPY Intraday: watch 110.05.
Pivot: 110.40
Our preference: short positions below 110.40 with targets at 110.20 & 110.05 in extension.
Alternative scenario: above 110.40 look for further upside with 110.65 & 110.80 as targets.
Comment: the RSI is bearish and calls for further downside.
Gold spot Intraday: bullish bias above 1272.00.
Pivot: 1272.00
Our preference: long positions above 1272.00 with targets at 1277.50 & 1279.50 in extension.
Alternative scenario: below 1272.00 look for further downside with 1269.50 & 1267.50 as targets.
Comment: a support base at 1272.00 has formed and has allowed for a temporary stabilisation.
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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