EUR/USD Intraday: towards 1.1175.
Pivot: 1.1205
Our preference: short positions below 1.1205 with targets at 1.1185 & 1.1175 in extension.
Alternative scenario: above 1.1205 look for further upside with 1.1215 & 1.1230 as targets.
Comment: a break below 1.1185 would trigger a drop towards 1.1175.
GBP/USD Intraday: 1.2645 expected.
Pivot: 1.2700
Our preference: short positions below 1.2700 with targets at 1.2665 & 1.2645 in extension.
Alternative scenario: above 1.2700 look for further upside with 1.2720 & 1.2745 as targets.
Comment: a break below 1.2665 would trigger a drop towards 1.2645.
AUD/USD Intraday: key resistance at 0.6925.
Pivot: 0.6925
Our preference: short positions below 0.6925 with targets at 0.6910 & 0.6900 in extension.
Alternative scenario: above 0.6925 look for further upside with 0.6940 & 0.6950 as targets.
Comment: as long as the resistance at 0.6925 is not surpassed, the risk of the break below 0.6910 remains high.
USD/JPY Intraday: further upside.
Pivot: 109.40
Our preference: long positions above 109.40 with targets at 109.70 & 109.95 in extension.
Alternative scenario: below 109.40 look for further downside with 109.25 & 109.00 as targets.
Comment: the RSI is mixed with a bullish bias.
Gold spot Intraday: 1289.00 in sight.
Pivot: 1283.00
Our preference: long positions above 1283.00 with targets at 1287.25 & 1289.00 in extension.
Alternative scenario: below 1283.00 look for further downside with 1280.50 & 1277.00 as targets.
Comment: the RSI calls for a new upleg.
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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