EUR/USD Intraday: under pressure.
Pivot: 1.1265
Our preference: short positions below 1.1265 with targets at 1.1240 & 1.1225 in extension.
Alternative scenario: above 1.1265 look for further upside with 1.1285 & 1.1295 as targets.
Comment: the RSI calls for a drop.
GBP/USD Intraday: expect 1.2490.
Pivot: 1.2535
Our preference: short positions below 1.2535 with targets at 1.2505 & 1.2490 in extension.
Alternative scenario: above 1.2535 look for further upside with 1.2555 & 1.2570 as targets.
Comment: the RSI is bearish and calls for further downside.
AUD/USD Intraday: intraday support around 0.6965.
Pivot: 0.6965
Our preference: long positions above 0.6965 with targets at 0.6985 & 0.7000 in extension.
Alternative scenario: below 0.6965 look for further downside with 0.6950 & 0.6930 as targets.
Comment: a support base at 0.6965 has formed and has allowed for a temporary stabilisation.
USD/JPY Intraday: further upside.
Pivot: 108.25
Our preference: long positions above 108.25 with targets at 108.70 & 109.00 in extension.
Alternative scenario: below 108.25 look for further downside with 108.00 & 107.80 as targets.
Comment: the RSI is bullish and calls for further upside.
Gold spot Intraday: look for 1392.00.
Pivot: 1412.00
Our preference: short positions below 1412.00 with targets at 1398.50 & 1392.00 in extension.
Alternative scenario: above 1412.00 look for further upside with 1419.00 & 1424.00 as targets.
Comment: the RSI is bearish and calls for further decline.
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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