TC FX Analysis

Date:2019/7/19 USD/JPY Intraday: under pressure.

EUR/USD Intraday: choppy.

Pivot: 1.1280

Our preference: short positions below 1.1280 with targets at 1.1240 & 1.1225 in extension.

Alternative scenario: above 1.1280 look for further upside with 1.1300 & 1.1315 as targets.

Comment: as long as the resistance at 1.1280 is not surpassed, the risk of the break below 1.1240 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: the upside prevails.

Pivot: 1.2520

Our preference: long positions above 1.2520 with targets at 1.2560 & 1.2575 in extension.

Alternative scenario: below 1.2520 look for further downside with 1.2495 & 1.2460 as targets.

Comment: a support base at 1.2520 has formed and has allowed for a temporary stabilisation.

  • 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: target 0.7090.

Pivot: 0.7050

Our preference: long positions above 0.7050 with targets at 0.7075 & 0.7090 in extension.

Alternative scenario: below 0.7050 look for further downside with 0.7035 & 0.7025 as targets.

Comment: a support base at 0.7050 has formed and has allowed for a temporary stabilisation.

  • 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: under pressure.

Pivot: 107.65

Our preference: short positions below 107.65 with targets at 107.20 & 107.00 in extension.

Alternative scenario: above 107.65 look for further upside with 107.85 & 108.05 as targets.

Comment: a break below 107.20 would trigger a drop towards 107.00.

  • 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: bullish bias above 1434.00.

Pivot: 1434.00

Our preference: long positions above 1434.00 with targets at 1453.00 & 1461.00 in extension.

Alternative scenario: below 1434.00 look for further downside with 1428.00 & 1422.00 as targets.

Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

  • 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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