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.
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.
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.
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.
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.
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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