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.
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.
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.
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.
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.
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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