EUR/USD Intraday: under pressure.
Pivot: 1.1250
Our preference: short positions below 1.1250 with targets at 1.1215 & 1.1190 in extension.
Alternative scenario: above 1.1250 look for further upside with 1.1270 & 1.1295 as targets.
Comment: the break below 1.1250 is a negative signal that has opened a path to 1.1215.
GBP/USD Intraday: the downside prevails.
Pivot: 1.2715
Our preference: short positions below 1.2715 with targets at 1.2670 & 1.2650 in extension.
Alternative scenario: above 1.2715 look for further upside with 1.2740 & 1.2760 as targets.
Comment: as long as the resistance at 1.2715 is not surpassed, the risk of the break below 1.2670 remains high.
AUD/USD Intraday: under pressure.
Pivot: 0.6985
Our preference: short positions below 0.6985 with targets at 0.6960 & 0.6940 in extension.
Alternative scenario: above 0.6985 look for further upside with 0.6995 & 0.7005 as targets.
Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.
USD/JPY Intraday: bullish bias above 108.10.
Pivot: 108.10
Our preference: long positions above 108.10 with targets at 108.45 & 108.70 in extension.
Alternative scenario: below 108.10 look for further downside with 107.80 & 107.55 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Gold spot Intraday: bullish bias above 1324.00.
Pivot: 1324.00
Our preference: long positions above 1324.00 with targets at 1334.00 & 1344.00 in extension.
Alternative scenario: below 1324.00 look for further downside with 1320.00 & 1315.00 as targets.
Comment: a support base at 1324.00 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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