TC FX Analysis

Date:2019/7/11 GBP/USD Intraday: the bias remains bullish.

GBP/USD Intraday: the bias remains bullish.

Pivot: 1.1235

Our preference: long positions above 1.1235 with targets at 1.1270 & 1.1295 in extension.

Alternative scenario: below 1.1235 look for further downside with 1.1210 & 1.1200 as targets.

Comment: the RSI shows upside 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: the bias remains bullish.

Pivot: 1.2480

Our preference: long positions above 1.2480 with targets at 1.2520 & 1.2540 in extension.

Alternative scenario: below 1.2480 look for further downside with 1.2460 & 1.2440 as targets.

Comment: the RSI is mixed to bullish.

  • 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: the bias remains bullish.

Pivot: 0.6940

Our preference: long positions above 0.6940 with targets at 0.6970 & 0.6990 in extension.

Alternative scenario: below 0.6940 look for further downside with 0.6925 & 0.6910 as targets.

Comment: the RSI is mixed to bullish.

  • 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: 108.50

Our preference: short positions below 108.50 with targets at 108.05 & 107.90 in extension.

Alternative scenario: above 108.50 look for further upside with 108.70 & 108.85 as targets.

Comment: the RSI advocates for further decline.

  • 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: the upside prevails.

Pivot: 1416.00

Our preference: long positions above 1416.00 with targets at 1428.00 & 1437.50 in extension.

Alternative scenario: below 1416.00 look for further downside with 1410.00 & 1403.00 as targets.

Comment: the RSI shows upside momentum.

  • 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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