EUR/USD Intraday: continuation of the rebound.
Pivot: 1.1145
Our preference: long positions above 1.1145 with targets at 1.1165 & 1.1180 in extension.
Alternative scenario: below 1.1145 look for further downside with 1.1130 & 1.1110 as targets.
Comment: the RSI advocates for further upside.
GBP/USD Intraday: watch 1.2120.
Pivot: 1.2190
Our preference: short positions below 1.2190 with targets at 1.2145 & 1.2120 in extension.
Alternative scenario: above 1.2190 look for further upside with 1.2215 & 1.2245 as targets.
Comment: a break below 1.2145 would trigger a drop towards 1.2120.
AUD/USD Intraday: under pressure.
Pivot: 0.6890
Our preference: short positions below 0.6890 with targets at 0.6860 & 0.6845 in extension.
Alternative scenario: above 0.6890 look for further upside with 0.6910 & 0.6930 as targets.
Comment: the break below 0.6890 is a negative signal that has opened a path to 0.6860.
USD/JPY Intraday: watch 108.30.
Pivot: 108.70
Our preference: short positions below 108.70 with targets at 108.45 & 108.30 in extension.
Alternative scenario: above 108.70 look for further upside with 108.90 & 109.00 as targets.
Comment: the RSI lacks upward momentum.
Gold spot Intraday: towards 1441.00.
Pivot: 1426.00
Our preference: long positions above 1426.00 with targets at 1437.00 & 1441.00 in extension.
Alternative scenario: below 1426.00 look for further downside with 1422.00 & 1417.00 as targets.
Comment: the RSI advocates for further advance.
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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