TC FX Analysis

Date:2019/6/13 USD/JPY Intraday: turning up.

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.

  • 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: 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.

  • 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: 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.

  • 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: 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.

  • 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: 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.

  • 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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