EUR/USD Intraday: the upside prevails.
Pivot: 1.1055
Our preference: long positions above 1.1055 with targets at 1.1095 & 1.1110 in extension.
Alternative scenario: below 1.1055 look for further downside with 1.1025 & 1.1010 as targets.
Comment: the break above 1.1055 is a positive signal that has opened a path to 1.1095.
GBP/USD Intraday: the bias remains bullish.
Pivot: 1.2080
Our preference: long positions above 1.2080 with targets at 1.2170 & 1.2205 in extension.
Alternative scenario: below 1.2080 look for further downside with 1.2060 & 1.2030 as targets.
Comment: a support base at 1.2080 has formed and has allowed for a temporary stabilisation.
AUD/USD Intraday: aim @ 0.6765.
Pivot: 0.6830
Our preference: short positions below 0.6830 with targets at 0.6790 & 0.6765 in extension.
Alternative scenario: above 0.6830 look for further upside with 0.6865 & 0.6895 as targets.
Comment: a break below 0.6790 would trigger a drop towards 0.6765.
USD/JPY Intraday: watch 106.70.
Pivot: 107.90
Our preference: short positions below 107.90 with targets at 107.15 & 106.70 in extension.
Alternative scenario: above 107.90 look for further upside with 108.20 & 108.50 as targets.
Comment: a break below 107.15 would trigger a drop towards 106.70.
Gold spot Intraday: 1465.00 in sight.
Pivot: 1427.00
Our preference: long positions above 1427.00 with targets at 1452.00 & 1465.00 in extension.
Alternative scenario: below 1427.00 look for further downside with 1420.00 & 1408.00 as targets.
Comment: the RSI calls for a new upleg.
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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