EUR/USD Intraday: the upside prevails.
Pivot: 1.1130
Our preference: long positions above 1.1130 with targets at 1.1150 & 1.1170 in extension.
Alternative scenario: below 1.1130 look for further downside with 1.1115 & 1.1100 as targets.
Comment: technically the RSI is above its neutrality area at 50.
GBP/USD Intraday: under pressure.
Pivot: 1.2275
Our preference: short positions below 1.2275 with targets at 1.2180 & 1.2150 in extension.
Alternative scenario: above 1.2275 look for further upside with 1.2320 & 1.2375 as targets.
Comment: the break below 1.2275 is a negative signal that has opened a path to 1.2180.
AUD/USD Intraday: the downside prevails.
Pivot: 0.6915
Our preference: short positions below 0.6915 with targets at 0.6885 & 0.6860 in extension.
Alternative scenario: above 0.6915 look for further upside with 0.6935 & 0.6955 as targets.
Comment: as long as the resistance at 0.6915 is not surpassed, the risk of the break below 0.6885 remains high.
USD/JPY Intraday: aim @ 109.20.
Pivot: 108.70
Our preference: long positions above 108.70 with targets at 109.00 & 109.20 in extension.
Alternative scenario: below 108.70 look for further downside with 108.55 & 108.40 as targets.
Comment: the RSI calls for a new upleg.
Gold spot Intraday: bullish bias above 1419.50.
Pivot: 1419.50
Our preference: long positions above 1419.50 with targets at 1428.00 & 1433.50 in extension.
Alternative scenario: below 1419.50 look for further downside with 1414.50 & 1411.00 as targets.
Comment: the RSI is mixed to bullish.
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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