EUR/USD Intraday: caution.
Pivot: 1.1195
Our preference: long positions above 1.1195 with targets at 1.1220 & 1.1235 in extension.
Alternative scenario: below 1.1195 look for further downside with 1.1180 & 1.1160 as targets.
Comment: the RSI is mixed and calls for caution.
GBP/USD Intraday: under pressure.
Pivot: 1.2480
Our preference: short positions below 1.2480 with targets at 1.2440 & 1.2405 in extension.
Alternative scenario: above 1.2480 look for further upside with 1.2500 & 1.2520 as targets.
Comment: the RSI is bearish and calls for further downside.
AUD/USD Intraday: capped by a negative trend line.
Pivot: 0.6950
Our preference: short positions below 0.6950 with targets at 0.6900 & 0.6880 in extension.
Alternative scenario: above 0.6950 look for further upside with 0.6965 & 0.6980 as targets.
Comment: the RSI lacks upward momentum.
USD/JPY Intraday: further advance.
Pivot: 108.70
Our preference: long positions above 108.70 with targets at 109.15 & 109.35 in extension.
Alternative scenario: below 108.70 look for further downside with 108.50 & 108.25 as targets.
Comment: the RSI advocates for further advance.
Gold spot Intraday: caution.
Pivot: 1391.50
Our preference: long positions above 1391.50 with targets at 1399.00 & 1403.50 in extension.
Alternative scenario: below 1391.50 look for further downside with 1387.00 & 1381.50 as targets.
Comment: the RSI is mixed and calls for caution.
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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