EUR/USD Intraday: further advance.
Pivot: 1.1355
Our preference: long positions above 1.1355 with targets at 1.1420 & 1.1440 in extension.
Alternative scenario: below 1.1355 look for further downside with 1.1335 & 1.1310 as targets.
Comment: the RSI is bullish and calls for further advance.
GBP/USD Intraday: further upside.
Pivot: 1.2705
Our preference: long positions above 1.2705 with targets at 1.2790 & 1.2820 in extension.
Alternative scenario: below 1.2705 look for further downside with 1.2670 & 1.2640 as targets.
Comment: the RSI calls for a new upleg.
AUD/USD Intraday: turning up.
Pivot: 0.6925
Our preference: long positions above 0.6925 with targets at 0.6955 & 0.6975 in extension.
Alternative scenario: below 0.6925 look for further downside with 0.6905 & 0.6885 as targets.
Comment: the RSI calls for a new upleg.
USD/JPY Intraday: key resistance at 107.45.
Pivot: 107.45
Our preference: short positions below 107.45 with targets at 107.20 & 107.00 in extension.
Alternative scenario: above 107.45 look for further upside with 107.70 & 107.85 as targets.
Comment: the break below 107.45 is a negative signal that has opened a path to 107.20.
Gold spot Intraday: turning up.
Pivot: 1393.00
Our preference: long positions above 1393.00 with targets at 1419.00 & 1430.00 in extension.
Alternative scenario: below 1393.00 look for further downside with 1382.50 & 1377.00 as targets.
Comment: the RSI shows upside momentum.
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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