TC FX Analysis

Date:2019/5/30 GBP/USD Intraday: under pressure.

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.

  • Green Lines Represent Resistances
  • Red Lines Represent Support Levels
  • Light Blue is a Pivot Point
  • Black represents the price when the report was

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.

  • Green Lines Represent Resistances
  • Red Lines Represent Support Levels
  • Light Blue is a Pivot Point
  • Black represents the price when the report was

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.

  • Green Lines Represent Resistances
  • Red Lines Represent Support Levels
  • Light Blue is a Pivot Point
  • Black represents the price when the report was

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.

  • Green Lines Represent Resistances
  • Red Lines Represent Support Levels
  • Light Blue is a Pivot Point
  • Black represents the price when the report was

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.

  • Green Lines Represent Resistances
  • Red Lines Represent Support Levels
  • Light Blue is a Pivot Point
  • Black represents the price when the report was

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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