EUR/USD Intraday: target 1.1120.
Pivot: 1.1175
Our preference: short positions below 1.1175 with targets at 1.1145 & 1.1120 in extension.
Alternative scenario: above 1.1175 look for further upside with 1.1195 & 1.1210 as targets.
Comment: a break below 1.1145 would trigger a drop towards 1.1120.
GBP/USD Intraday: under pressure.
Pivot: 1.2455
Our preference: short positions below 1.2455 with targets at 1.2415 & 1.2400 in extension.
Alternative scenario: above 1.2455 look for further upside with 1.2480 & 1.2500 as targets.
Comment: the RSI lacks upward momentum.
AUD/USD Intraday: the downside prevails.
Pivot: 0.7015
Our preference: short positions below 0.7015 with targets at 0.6980 & 0.6965 in extension.
Alternative scenario: above 0.7015 look for further upside with 0.7035 & 0.7055 as targets.
Comment: as long as the resistance at 0.7015 is not surpassed, the risk of the break below 0.6980 remains high.
USD/JPY Intraday: further upside.
Pivot: 108.00
Our preference: long positions above 108.00 with targets at 108.35 & 108.60 in extension.
Alternative scenario: below 108.00 look for further downside with 107.80 & 107.60 as targets.
Comment: a support base at 108.00 has formed and has allowed for a temporary stabilisation.
Gold spot Intraday: under pressure.
Pivot: 1425.00
Our preference: short positions below 1425.00 with targets at 1414.00 & 1406.00 in extension.
Alternative scenario: above 1425.00 look for further upside with 1430.00 & 1435.00 as targets.
Comment: a break below 1414.00 would trigger a drop towards 1406.00.
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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