TC FX Analysis

Date:2019/6/25 GBP/USD Intraday: key resistance at 1.2760.

EUR/USD Intraday: further advance.

Pivot: 1.1375

Our preference: long positions above 1.1375 with targets at 1.1420 & 1.1440 in extension.

Alternative scenario: below 1.1375 look for further downside with 1.1355 & 1.1330 as targets.

Comment: the break above 1.1375 is a positive signal that has opened a path to 1.1420.

  • 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: key resistance at 1.2760.

Pivot: 1.2760

Our preference: short positions below 1.2760 with targets at 1.2710 & 1.2680 in extension.

Alternative scenario: above 1.2760 look for further upside with 1.2800 & 1.2820 as targets.

Comment: as long as the resistance at 1.2760 is not surpassed, the risk of the break below 1.2710 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

AUD/USD Intraday: further upside.

Pivot: 0.6945

Our preference: long positions above 0.6945 with targets at 0.6975 & 0.7000 in extension.

Alternative scenario: below 0.6945 look for further downside with 0.6920 & 0.6900 as targets.

Comment: the RSI lacks downward momentum.

  • 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: under pressure.

Pivot: 107.50

Our preference: short positions below 107.50 with targets at 107.20 & 107.05 in extension.

Alternative scenario: above 107.50 look for further upside with 107.70 & 107.85 as targets.

Comment: as long as 107.50 is resistance, look for choppy price action with a bearish bias.

  • 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: further advance.

Pivot: 1413.00

Our preference: long positions above 1413.00 with targets at 1430.00 & 1437.50 in extension.

Alternative scenario: below 1413.00 look for further downside with 1409.00 & 1402.00 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

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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