EUR/USD Intraday: bullish bias above 1.1125.
Pivot:
1.1125
Our preference:
long positions above 1.1125 with targets at 1.1165 & 1.1185 in extension.
Alternative scenario:
below 1.1125 look for further downside with 1.1105 & 1.1085 as targets.
Comment:
even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
GBP/USD Intraday: bullish bias above 1.2240.
Pivot:
1.2240
Our preference:
long positions above 1.2240 with targets at 1.2290 & 1.2310 in extension.
Alternative scenario:
below 1.2240 look for further downside with 1.2220 & 1.2195 as targets.
Comment:
even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
AUD/USD Intraday: key resistance at 0.6740.
Pivot:
0.6740
Our preference:
short positions below 0.6740 with targets at 0.6685 & 0.6660 in extension.
Alternative scenario:
above 0.6740 look for further upside with 0.6760 & 0.6780 as targets.
Comment:
even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.
USD/JPY Intraday: watch 104.00.
Pivot:
105.40
Our preference:
short positions below 105.40 with targets at 104.40 & 104.00 in extension.
Alternative scenario:
above 105.40 look for further upside with 105.70 & 106.00 as targets.
Comment:
even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.
Gold spot Intraday: the upside prevails.
Pivot:
1530.00
Our preference:
long positions above 1530.00 with targets at 1555.00 & 1569.00 in extension.
Alternative scenario:
below 1530.00 look for further downside with 1517.00 & 1508.00 as targets.
Comment:
the RSI shows upside momentum.
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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