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.
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.
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.
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.
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.
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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