EUR/USD Intraday: under pressure.
Pivot:
1.1235
Our preference:
short positions below 1.1235 with targets at 1.1180 & 1.1155 in extension.
Alternative scenario:
above 1.1235 look for further upside with 1.1265 & 1.1285 as targets.
Comment:
the RSI is bearish and calls for further decline.
GBP/USD Intraday: key resistance at 1.2165.
Pivot:
1.2165
Our preference:
short positions below 1.2165 with targets at 1.2135 & 1.2120 in extension.
Alternative scenario:
above 1.2165 look for further upside with 1.2190 & 1.2210 as targets.
Comment:
a break below 1.2135 would trigger a drop towards 1.2120.
AUD/USD Intraday: continuation of the rebound.
Pivot:
0.6740
Our preference:
long positions above 0.6740 with targets at 0.6780 & 0.6800 in extension.
Alternative scenario:
below 0.6740 look for further downside with 0.6720 & 0.6700 as targets.
Comment:
the RSI is bullish and calls for further advance.
USD/JPY Intraday: further upside.
Pivot:
105.85
Our preference:
long positions above 105.85 with targets at 106.30 & 106.60 in extension.
Alternative scenario:
below 105.85 look for further downside with 105.45 & 105.05 as targets.
Comment:
the break above 105.85 is a positive signal that has opened a path to 106.30.
Gold spot Intraday: supported by a rising trend line.
Pivot:
1491.00
Our preference:
long positions above 1491.00 with targets at 1510.00 & 1521.00 in extension.
Alternative scenario:
below 1491.00 look for further downside with 1481.00 & 1472.00 as targets.
Comment:
the RSI has just landed on its neutrality area at 50% and is turning up.
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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