TC FX Analysis

Date:2019/6/28 USD/JPY Intraday: the downside prevails.

EUR/USD Intraday: the bias remains bullish.

Pivot: 1.1355

Our preference: long positions above 1.1355 with targets at 1.1380 & 1.1390 in extension.

Alternative scenario: below 1.1355 look for further downside with 1.1345 & 1.1320 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

GBP/USD Intraday: expect 1.2640.

Pivot: 1.2685

Our preference: short positions below 1.2685 with targets at 1.2660 & 1.2640 in extension.

Alternative scenario: above 1.2685 look for further upside with 1.2705 & 1.2725 as targets.

Comment: a break below 1.2660 would trigger a drop towards 1.2640.

  • 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: towards 0.7030.

Pivot: 0.6985

Our preference: long positions above 0.6985 with targets at 0.7010 & 0.7030 in extension.

Alternative scenario: below 0.6985 look for further downside with 0.6970 & 0.6955 as targets.

Comment: technically the RSI is above its neutrality area at 50.

  • 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: 107.95

Our preference: short positions below 107.95 with targets at 107.55 & 107.35 in extension.

Alternative scenario: above 107.95 look for further upside with 108.15 & 108.35 as targets.

Comment: as long as 107.95 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: continuation of the rebound.

Pivot: 1406.00

Our preference: long positions above 1406.00 with targets at 1420.00 & 1425.00 in extension.

Alternative scenario: below 1406.00 look for further downside with 1398.50 & 1390.00 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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