TC FX Analysis

Date:2019/6/17 GBP/USD Intraday: watch 1.2560.

EUR/USD Intraday: watch 1.1185.

Pivot: 1.1240

Our preference: short positions below 1.1240 with targets at 1.1200 & 1.1185 in extension.

Alternative scenario: above 1.1240 look for further upside with 1.1265 & 1.1285 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 1.2560.

Pivot: 1.2620

Our preference: short positions below 1.2620 with targets at 1.2575 & 1.2560 in extension.

Alternative scenario: above 1.2620 look for further upside with 1.2650 & 1.2670 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

AUD/USD Intraday: key resistance at 0.6890.

Pivot: 0.6890

Our preference: short positions below 0.6890 with targets at 0.6860 & 0.6850 in extension.

Alternative scenario: above 0.6890 look for further upside with 0.6905 & 0.6920 as targets.

Comment: the upward potential is likely to be limited by the resistance at 0.6890.

  • 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: target 108.90.

Pivot: 108.35

Our preference: long positions above 108.35 with targets at 108.75 & 108.90 in extension.

Alternative scenario: below 108.35 look for further downside with 108.15 & 107.95 as targets.

Comment: the RSI advocates for further advance.

  • 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: the downside prevails.

Pivot: 1347.00

Our preference: short positions below 1347.00 with targets at 1330.00 & 1326.00 in extension.

Alternative scenario: above 1347.00 look for further upside with 1351.00 & 1356.00 as targets.

Comment: the RSI advocates for further decline.

  • 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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