TC FX Analysis

Date:2019/7/09 GBP/USD Intraday: consolidation in place.

EUR/USD Intraday: towards 1.1190.

Pivot: 1.1225

Our preference: short positions below 1.1225 with targets at 1.1205 & 1.1190 in extension.

Alternative scenario: above 1.1225 look for further upside with 1.1235 & 1.1255 as targets.

Comment: as long as the resistance at 1.1225 is not surpassed, the risk of the break below 1.1205 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: consolidation in place.

Pivot: 1.2540

Our preference: short positions below 1.2540 with targets at 1.2500 & 1.2480 in extension.

Alternative scenario: above 1.2540 look for further upside with 1.2560 & 1.2590 as targets.

Comment: as long as 1.2540 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

AUD/USD Intraday: capped by a negative trend line.

Pivot: 0.6985

Our preference: short positions below 0.6985 with targets at 0.6955 & 0.6940 in extension.

Alternative scenario: above 0.6985 look for further upside with 0.6995 & 0.7010 as targets.

Comment: the RSI has just broken below a bullish trend line.

  • 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 upside prevails.

Pivot: 108.50

Our preference: long positions above 108.50 with targets at 109.00 & 109.15 in extension.

Alternative scenario: below 108.50 look for further downside with 108.40 & 108.25 as targets.

Comment: the RSI is bullish and calls 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

Gold spot Intraday: under pressure.

Pivot: 1401.00

Our preference: short positions below 1401.00 with targets at 1386.50 & 1381.50 in extension.

Alternative scenario: above 1401.00 look for further upside with 1407.50 & 1416.00 as targets.

Comment: as long as 1401.00 is resistance, expect a return to 1386.50.

  • 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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