EUR/USD Intraday: key resistance at 1.1150.
Pivot: 1.1150
Our preference: short positions below 1.1150 with targets at 1.1125 & 1.1115 in extension.
Alternative scenario: above 1.1150 look for further upside with 1.1170 & 1.1185 as targets.
Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.
GBP/USD Intraday: under pressure.
Pivot: 1.2645
Our preference: short positions below 1.2645 with targets at 1.2615 & 1.2600 in extension.
Alternative scenario: above 1.2645 look for further upside with 1.2665 & 1.2685 as targets.
Comment: a break below 1.2615 would trigger a drop towards 1.2600.
AUD/USD Intraday: key resistance at 0.6930.
Pivot: 0.6930
Our preference: short positions below 0.6930 with targets at 0.6905 & 0.6895 in extension.
Alternative scenario: above 0.6930 look for further upside with 0.6940 & 0.6950 as targets.
Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.
USD/JPY Intraday: the upside prevails.
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 109.20 & 109.00 as targets.
Comment: technically the RSI is above its neutrality area at 50.
Gold spot Intraday: choppy.
Pivot: 1282.25
Our preference: short positions below 1282.25 with targets at 1278.50 & 1276.00 in extension.
Alternative scenario: above 1282.25 look for further upside with 1285.00 & 1287.00 as targets.
Comment: as long as 1282.25 is resistance, look for choppy price action with a bearish bias.
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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