TC FX Analysis

Date:2019/8/02 USD/JPY Intraday: watch 106.70.

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.

  • Green Lines Represent Resistances
  • Red Lines Represent Support Levels
  • Light Blue is a Pivot Point
  • Black represents the price when the report was

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.

  • Green Lines Represent Resistances
  • Red Lines Represent Support Levels
  • Light Blue is a Pivot Point
  • Black represents the price when the report was

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.

  • Green Lines Represent Resistances
  • Red Lines Represent Support Levels
  • Light Blue is a Pivot Point
  • Black represents the price when the report was

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.

  • Green Lines Represent Resistances
  • Red Lines Represent Support Levels
  • Light Blue is a Pivot Point
  • Black represents the price when the report was

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.

  • Green Lines Represent Resistances
  • Red Lines Represent Support Levels
  • Light Blue is a Pivot Point
  • Black represents the price when the report was

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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