EUR/USD Intraday: key resistance at 1.1225.
Pivot: 1.1225
Our preference: short positions below 1.1225 with targets at 1.1200 & 1.1190 in extension.
Alternative scenario: above 1.1225 look for further upside with 1.1240 & 1.1255 as targets.
Comment: as long as the resistance at 1.1225 is not surpassed, the risk of the break below 1.1200 remains high.
GBP/USD Intraday: watch 1.2370.
Pivot: 1.2430
Our preference: short positions below 1.2430 with targets at 1.2395 & 1.2370 in extension.
Alternative scenario: above 1.2430 look for further upside with 1.2450 & 1.2470 as targets.
Comment: a break below 1.2395 would trigger a drop towards 1.2370.
AUD/USD Intraday: key resistance at 0.7025.
Pivot: 0.7025
Our preference: short positions below 0.7025 with targets at 0.7000 & 0.6985 in extension.
Alternative scenario: above 0.7025 look for further upside with 0.7045 & 0.7060 as targets.
Comment: as long as the resistance at 0.7025 is not surpassed, the risk of the break below 0.7000 remains high.
USD/JPY Intraday: bullish bias above 108.10.
Pivot: 108.10
Our preference: long positions above 108.10 with targets at 108.35 & 108.60 in extension.
Alternative scenario: below 108.10 look for further downside with 107.80 & 107.55 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Gold spot Intraday: break of a ST rising trendline support.
Pivot: 1410.00
Our preference: short positions below 1410.00 with targets at 1400.50 & 1396.00 in extension.
Alternative scenario: above 1410.00 look for further upside with 1416.00 & 1419.00 as targets.
Comment: the RSI is bearish and calls for further downside.
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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