TC FX Analysis

Date:2019/6/20 USD/JPY Intraday: the downside prevails.

EUR/USD Intraday: the upside prevails.

Pivot: 1.1220

Our preference: long positions above 1.1220 with targets at 1.1250 & 1.1270 in extension.

Alternative scenario: below 1.1220 look for further downside with 1.1200 & 1.1180 as targets.

Comment: the RSI is bullish and calls for further upside.

  • 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 1.2705.

Pivot: 1.2620

Our preference: long positions above 1.2620 with targets at 1.2675 & 1.2705 in extension.

Alternative scenario: below 1.2620 look for further downside with 1.2590 & 1.2565 as targets.

Comment: the break above 1.2620 is a positive signal that has opened a path to 1.2675.

  • 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: continuation of the rebound.

Pivot: 0.6870

Our preference: long positions above 0.6870 with targets at 0.6900 & 0.6915 in extension.

Alternative scenario: below 0.6870 look for further downside with 0.6855 & 0.6840 as targets.

Comment: the RSI is bullish and calls for further upside.

  • 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: the downside prevails.

Pivot: 108.30

Our preference: short positions below 108.30 with targets at 107.85 & 107.60 in extension.

Alternative scenario: above 108.30 look for further upside with 108.50 & 108.70 as targets.

Comment: as long as the resistance at 108.30 is not surpassed, the risk of the break below 107.85 remains high.

  • 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 upside prevails.

Pivot: 1351.50

Our preference: long positions above 1351.50 with targets at 1365.00 & 1370.50 in extension.

Alternative scenario: below 1351.50 look for further downside with 1346.00 & 1341.50 as targets.

Comment: the RSI is bullish and calls for further upside.

  • 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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