EUR/USD Intraday: capped by a negative trend line.
Pivot: 1.1310
Our preference: short positions below 1.1310 with targets at 1.1275 & 1.1255 in extension.
Alternative scenario: above 1.1310 look for further upside with 1.1330 & 1.1355 as targets.
Comment: the RSI is mixed to bearish.
GBP/USD Intraday: expect 1.2560.
Pivot: 1.2615
Our preference: short positions below 1.2615 with targets at 1.2575 & 1.2560 in extension.
Alternative scenario: above 1.2615 look for further upside with 1.2640 & 1.2670 as targets.
Comment: the RSI is bearish and calls for further downside.
AUD/USD Intraday: target 0.7020.
Pivot: 0.6975
Our preference: long positions above 0.6975 with targets at 0.7000 & 0.7020 in extension.
Alternative scenario: below 0.6975 look for further downside with 0.6955 & 0.6940 as targets.
Comment: the RSI calls for a new upleg.
USD/JPY Intraday: under pressure.
Pivot: 108.05
Our preference: short positions below 108.05 with targets at 107.60 & 107.35 in extension.
Alternative scenario: above 108.05 look for further upside with 108.30 & 108.50 as targets.
Comment: the RSI advocates for further decline.
Gold spot Intraday: the upside prevails.
Pivot: 1415.00
Our preference: long positions above 1415.00 with targets at 1436.00 & 1446.00 in extension.
Alternative scenario: below 1415.00 look for further downside with 1406.00 & 1398.00 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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