EUR/USD Intraday: the downside prevails.
Pivot: 1.1235
Our preference: short positions below 1.1235 with targets at 1.1200 & 1.1180 in extension.
Alternative scenario: above 1.1235 look for further upside with 1.1255 & 1.1270 as targets.
Comment: the break below 1.1235 is a negative signal that has opened a path to 1.1200.
GBP/USD Intraday: key resistance at 1.2520.
Pivot: 1.2520
Our preference: short positions below 1.2520 with targets at 1.2485 & 1.2460 in extension.
Alternative scenario: above 1.2520 look for further upside with 1.2540 & 1.2555 as targets.
Comment: the upward potential is likely to be limited by the resistance at 1.2520.
AUD/USD Intraday: watch 0.7025.
Pivot: 0.7055
Our preference: short positions below 0.7055 with targets at 0.7035 & 0.7025 in extension.
Alternative scenario: above 0.7055 look for further upside with 0.7065 & 0.7075 as targets.
Comment: a break below 0.7035 would trigger a drop towards 0.7025.
USD/JPY Intraday: 108.00 expected.
Pivot: 107.65
Our preference: long positions above 107.65 with targets at 107.85 & 108.00 in extension.
Alternative scenario: below 107.65 look for further downside with 107.50 & 107.35 as targets.
Comment: the RSI is bullish and calls for further upside.
Gold spot Intraday: 1406.00 expected.
Pivot: 1435.00
Our preference: short positions below 1435.00 with targets at 1415.00 & 1406.00 in extension.
Alternative scenario: above 1435.00 look for further upside with 1441.00 & 1447.00 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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