EUR/USD Intraday: watch 1.1180.
Pivot: 1.1225
Our preference: short positions below 1.1225 with targets at 1.1200 & 1.1180 in extension.
Alternative scenario: above 1.1225 look for further upside with 1.1240 & 1.1255 as targets.
Comment: a break below 1.1200 would trigger a drop towards 1.1180.
GBP/USD Intraday: under pressure.
Pivot: 1.2500
Our preference: short positions below 1.2500 with targets at 1.2455 & 1.2435 in extension.
Alternative scenario: above 1.2500 look for further upside with 1.2520 & 1.2540 as targets.
Comment: as long as the resistance at 1.2500 is not surpassed, the risk of the break below 1.2455 remains high.
AUD/USD Intraday: the downside prevails.
Pivot: 0.7045
Our preference: short positions below 0.7045 with targets at 0.7025 & 0.7015 in extension.
Alternative scenario: above 0.7045 look for further upside with 0.7055 & 0.7065 as targets.
Comment: the RSI lacks upward momentum.
USD/JPY Intraday: rebound expected.
Pivot: 107.80
Our preference: long positions above 107.80 with targets at 108.00 & 108.10 in extension.
Alternative scenario: below 107.80 look for further downside with 107.65 & 107.50 as targets.
Comment: the RSI calls for a rebound.
Gold spot Intraday: 1415.00 expected.
Pivot: 1430.00
Our preference: short positions below 1430.00 with targets at 1420.00 & 1415.00 in extension.
Alternative scenario: above 1430.00 look for further upside with 1435.00 & 1441.00 as targets.
Comment: the RSI is mixed with a bearish bias.
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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