EUR/USD Intraday: key resistance at 1.1105.
Pivot:
1.1105
Our preference:
short positions below 1.1105 with targets at 1.1080 & 1.1065 in extension.
Alternative scenario:
above 1.1105 look for further upside with 1.1120 & 1.1140 as targets.
Comment:
a break below 1.1080 would trigger a drop towards 1.1065.
GBP/USD Intraday: watch 1.2100.
Pivot:
1.2150
Our preference:
short positions below 1.2150 with targets at 1.2115 & 1.2100 in extension.
Alternative scenario:
above 1.2150 look for further upside with 1.2175 & 1.2200 as targets.
Comment:
a break below 1.2115 would trigger a drop towards 1.2100.
AUD/USD Intraday: bullish bias above 0.6770.
Pivot:
0.6770
Our preference:
long positions above 0.6770 with targets at 0.6800 & 0.6810 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: further advance.
Pivot:
106.40
Our preference:
long positions above 106.40 with targets at 106.70 & 106.95 in extension.
Alternative scenario:
below 106.40 look for further downside with 106.15 & 105.95 as targets.
Comment:
the RSI lacks downward momentum.
Gold spot Intraday: intraday support around 1498.00.
Pivot:
1498.00
Our preference:
long positions above 1498.00 with targets at 1509.00 & 1512.50 in extension.
Alternative scenario:
below 1498.00 look for further downside with 1493.00 & 1488.00 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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