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.
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.
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.
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.
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.
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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