EUR/USD Intraday:towards 1.1140.
Pivot:1.1215
Our preference: short positions below 1.1215 with targets at 1.1170 & 1.1140 in extension.
Alternative scenario: above 1.1215 look for further upside with 1.1245 & 1.1265 as targets.
Comment: the RSI advocates for further downside.
GBP/USD Intraday:bullish bias above 1.2125.
Pivot: 1.2125
Our preference: long positions above 1.2125 with targets at 1.2150 & 1.2165 in extension.
Alternative scenario: below 1.2125 look for further downside with 1.2110 & 1.2095 as targets.
Comment: a support base at 1.2125 has formed and has allowed for a temporary stabilisation.
AUD/USD Intraday:caution.
Pivot:0.6780
Our preference: long positions above 0.6780 with targets at 0.6820 & 0.6850 in extension.
Alternative scenario: below 0.6780 look for further downside with 0.6750 & 0.6725 as targets.
Comment: a support base at 0.6780 has formed and has allowed for a temporary stabilisation.
USD/JPY Intraday:watch 105.15.
Pivot:106.30
Our preference: short positions below 106.30 with targets at 105.50 & 105.15 in extension.
Alternative scenario: above 106.30 look for further upside with 106.60 & 107.00 as targets.
Comment: the RSI is bearish and calls for further decline.
Gold spot Intraday: towards 1517.00.
Pivot: 1495.00
Our preference: long positions above 1495.00 with targets at 1510.00 & 1517.00 in extension.
Alternative scenario: below 1495.00 look for further downside with 1489.00 & 1481.00 as targets.
Comment: the RSI is mixed to bullish.
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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