TC FX Analysis

Date:2019/6/12 USD/JPY Intraday: under pressure.

EUR/USD Intraday: bullish bias above 1.1310.

Pivot: 1.1310

Our preference: long positions above 1.1310 with targets at 1.1345 & 1.1360 in extension.

Alternative scenario: below 1.1310 look for further downside with 1.1300 & 1.1290 as targets.

Comment: the RSI lacks downward momentum.

  • 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 upside prevails.

Pivot: 1.2705

Our preference: long positions above 1.2705 with targets at 1.2735 & 1.2760 in extension.

Alternative scenario: below 1.2705 look for further downside with 1.2690 & 1.2670 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

AUD/USD Intraday: key resistance at 0.6970.

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: as long as 0.6970 is resistance, likely decline to 0.6950.

  • 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: under pressure.

Pivot: 108.65

Our preference: short positions below 108.65 with targets at 108.40 & 108.15 in extension.

Alternative scenario: above 108.65 look for further upside with 108.80 & 109.00 as targets.

Comment: as long as the resistance at 108.65 is not surpassed, the risk of the break below 108.40 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

Gold spot Intraday: rebound in sight.

Pivot: 1323.00

Our preference: long positions above 1323.00 with targets at 1330.00 & 1333.50 in extension.

Alternative scenario: below 1323.00 look for further downside with 1320.00 & 1316.00 as targets.

Comment: the RSI calls for a rebound.

  • 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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