EUR/USD Intraday: the bias remains bullish.
Pivot:
1.1085
Our preference:
long positions above 1.1085 with targets at 1.1110 & 1.1120 in extension.
Alternative scenario:
below 1.1085 look for further downside with 1.1065 & 1.1050 as targets.
Comment:
the break above 1.1085 is a positive signal that has opened a path to 1.1110.
GBP/USD Intraday: watch 1.2200.
Pivot:
1.2140
Our preference:
long positions above 1.2140 with targets at 1.2180 & 1.2200 in extension.
Alternative scenario:
below 1.2140 look for further downside with 1.2120 & 1.2100 as targets.
Comment:
even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
AUD/USD Intraday: caution.
Pivot:
0.6770
Our preference:
long positions above 0.6770 with targets at 0.6785 & 0.6795 in extension.
Alternative scenario:
below 0.6770 look for further downside with 0.6760 & 0.6750 as targets.
Comment:
a support base at 0.6770 has formed and has allowed for a temporary stabilisation.
USD/JPY Intraday: under pressure.
Pivot:
106.40
Our preference:
short positions below 106.40 with targets at 106.10 & 105.90 in extension.
Alternative scenario:
above 106.40 look for further upside with 106.70 & 106.95 as targets.
Comment:
the break below 106.40 is a negative signal that has opened a path to 106.10.
Gold spot Intraday: the bias remains bullish.
Pivot:
1501.00
Our preference:
long positions above 1501.00 with targets at 1512.50 & 1517.00 in extension.
Alternative scenario:
below 1501.00 look for further downside with 1493.00 & 1486.00 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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