TC FX Analysis

Date:2019/7/05 USD/JPY Intraday: look for 107.50.

EUR/USD Intraday: consolidation in place.

Pivot: 1.1295

Our preference: short positions below 1.1295 with targets at 1.1270 & 1.1255 in extension.

Alternative scenario: above 1.1295 look for further upside with 1.1310 & 1.1325 as targets.

Comment: as long as the resistance at 1.1295 is not surpassed, the risk of the break below 1.1270 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

GBP/USD Intraday: choppy.

Pivot: 1.2590

Our preference: short positions below 1.2590 with targets at 1.2570 & 1.2555 in extension.

Alternative scenario: above 1.2590 look for further upside with 1.2615 & 1.2640 as targets.

Comment: as long as the resistance at 1.2590 is not surpassed, the risk of the break below 1.2570 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: caution.

Pivot: 0.7030

Our preference: short positions below 0.7030 with targets at 0.7010 & 0.7000 in extension.

Alternative scenario: above 0.7030 look for further upside with 0.7050 & 0.7070 as targets.

Comment: the RSI is mixed and calls for caution.

  • 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: look for 107.50.

Pivot: 107.90

Our preference: short positions below 107.90 with targets at 107.65 & 107.50 in extension.

Alternative scenario: above 107.90 look for further upside with 108.10 & 108.25 as targets.

Comment: as long as 107.90 is resistance, expect a return to 107.65.

  • 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: turning up.

Pivot: 1415.00

Our preference: long positions above 1415.00 with targets at 1427.00 & 1431.50 in extension.

Alternative scenario: below 1415.00 look for further downside with 1410.00 & 1403.00 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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