EUR/USD Intraday: under pressure.
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 & 1.1290 as targets.
Comment: as long as 1.1240 is resistance, look for choppy price action with a bearish bias.
GBP/USD Intraday: watch 1.2500.
Pivot: 1.2570
Our preference: short positions below 1.2570 with targets at 1.2515 & 1.2500 in extension.
Alternative scenario: above 1.2570 look for further upside with 1.2600 & 1.2620 as targets.
Comment: the RSI advocates for further decline.
AUD/USD Intraday: capped by a negative trend line.
Pivot: 0.6865
Our preference: short positions below 0.6865 with targets at 0.6840 & 0.6830 in extension.
Alternative scenario: above 0.6865 look for further upside with 0.6885 & 0.6905 as targets.
Comment: the break below 0.6865 is a negative signal that has opened a path to 0.6840.
USD/JPY Intraday: caution.
Pivot: 108.50
Our preference: long positions above 108.50 with targets at 108.70 & 108.90 in extension.
Alternative scenario: below 108.50 look for further downside with 108.35 & 108.15 as targets.
Comment: intraday technical indicators are mixed and call for caution.
Gold spot Intraday: key resistance at 1343.50.
Pivot: 1343.50
Our preference: short positions below 1343.50 with targets at 1333.50 & 1330.00 in extension.
Alternative scenario: above 1343.50 look for further upside with 1346.50 & 1350.00 as targets.
Comment: as long as 1343.50 is resistance, expect a return to 1333.50.
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.
Trading Central Trading Assistant
US Stocks CFDs Launched