TC FX Analysis

Date:2019/6/06 GBP/USD Intraday: the downside prevails.

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.

  • 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: 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.

  • 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: 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.

  • 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: 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.

  • 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: 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.

  • 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.

Revisit Appointment

  • Our service time is 09:00-22:00,
    Monday to Friday (GMT+8)

User experience score