TC FX Analysis

Date:2019/6/11 EUR/USD Intraday: key resistance at 1.1325.

EUR/USD Intraday: key resistance at 1.1325.

Pivot: 1.1325

Our preference: short positions below 1.1325 with targets at 1.1300 & 1.1290 in extension.

Alternative scenario: above 1.1325 look for further upside with 1.1345 & 1.1360 as targets.

Comment: the upward potential is likely to be limited by the resistance at 1.1325.

  • 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: key resistance at 1.2700.

Pivot: 1.2700

Our preference: short positions below 1.2700 with targets at 1.2670 & 1.2655 in extension.

Alternative scenario: above 1.2700 look for further upside with 1.2725 & 1.2745 as targets.

  • 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: watch 0.6935.

Pivot: 0.6970

Our preference: short positions below 0.6970 with targets at 0.6950 & 0.6935 in extension.

Alternative scenario: above 0.6970 look for further upside with 0.6980 & 0.6990 as targets.

Comment: a break below 0.6950 would trigger a drop towards 0.6935.

  • 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 downside prevails.

Pivot: 108.60

Our preference: short positions below 108.60 with targets at 108.30 & 108.15 in extension.

Alternative scenario: above 108.60 look for further upside with 108.70 & 108.85 as targets.

Comment: the RSI is bearish and calls for further downside.

  • 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: consolidation in place.

Pivot: 1331.00

Our preference: short positions below 1331.00 with targets at 1325.00 & 1320.00 in extension.

Alternative scenario: above 1331.00 look for further upside with 1337.50 & 1341.50 as targets.

Comment: the RSI is mixed 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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