EUR/USD Intraday: aim @ 1.1285.
Pivot: 1.1210
Our preference: long positions above 1.1210 with targets at 1.1265 & 1.1285 in extension.
Alternative scenario: below 1.1210 look for further downside with 1.1190 & 1.1170 as targets.
Comment: the RSI calls for a new upleg.
GBP/USD Intraday: turning up.
Pivot: 1.2135
Our preference: long positions above 1.2135 with targets at 1.2175 & 1.2190 in extension.
Alternative scenario: below 1.2135 look for further downside with 1.2120 & 1.2100 as targets.
Comment: the RSI calls for a new upleg.
AUD/USD Intraday: towards 0.6720.
Pivot: 0.6785
Our preference: short positions below 0.6785 with targets at 0.6745 & 0.6720 in extension.
Alternative scenario: above 0.6785 look for further upside with 0.6805 & 0.6820 as targets.
Comment: a break below 0.6745 would trigger a drop towards 0.6720.
USD/JPY Intraday: watch 105.00.
Pivot: 106.00
Our preference: short positions below 106.00 with targets at 105.30 & 105.00 in extension.
Alternative scenario: above 106.00 look for further upside with 106.35 & 106.65 as targets.
Comment: the RSI lacks upward momentum.
Gold spot Intraday: supported by a rising trend line.
Pivot: 1459.00
Our preference: long positions above 1459.00 with targets at 1488.00 & 1500.00 in extension.
Alternative scenario: below 1459.00 look for further downside with 1452.00 & 1445.00 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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