EUR/USD Intraday: key resistance at 1.1310.
Pivot: 1.1310
Our preference: short positions below 1.1310 with targets at 1.1280 & 1.1270 in extension.
Alternative scenario: above 1.1310 look for further upside with 1.1325 & 1.1340 as targets.
Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.
GBP/USD Intraday: watch 1.2665.
Pivot: 1.2710
Our preference: short positions below 1.2710 with targets at 1.2680 & 1.2665 in extension.
Alternative scenario: above 1.2710 look for further upside with 1.2730 & 1.2760 as targets.
Comment: a break below 1.2680 would trigger a drop towards 1.2665.
AUD/USD Intraday: the downside prevails.
Pivot: 0.6945
Our preference: short positions below 0.6945 with targets at 0.6920 & 0.6900 in extension.
Alternative scenario: above 0.6945 look for further upside with 0.6965 & 0.6980 as targets.
Comment: a break below 0.6920 would trigger a drop towards 0.6900.
USD/JPY Intraday: turning up.
Pivot: 108.35
Our preference: long positions above 108.35 with targets at 108.60 & 108.80 in extension.
Alternative scenario: below 108.35 look for further downside with 108.20 & 108.05 as targets.
Comment: the RSI lacks downward momentum.
Gold spot Intraday: bullish bias above 1330.00.
Pivot: 1330.00
Our preference: long positions above 1330.00 with targets at 1337.50 & 1341.50 in extension.
Alternative scenario: below 1330.00 look for further downside with 1326.50 & 1323.00 as targets.
Comment: the RSI lacks downward momentum.
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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