EUR/USD Intraday: the downside prevails.
Pivot:
1.1125
Our preference:
short positions below 1.1125 with targets at 1.1075 & 1.1050 in extension.
Alternative scenario:
above 1.1125 look for further upside with 1.1160 & 1.1180 as targets.
Comment:
the break below 1.1125 is a negative signal that has opened a path to 1.1075.
GBP/USD Intraday: towards 1.2155.
Pivot:
1.2245
Our preference:
short positions below 1.2245 with targets at 1.2195 & 1.2155 in extension.
Alternative scenario:
above 1.2245 look for further upside with 1.2265 & 1.2290 as targets.
Comment:
a break below 1.2195 would trigger a drop towards 1.2155.
AUD/USD Intraday: watch 0.6800.
Pivot:
0.6755
Our preference:
long positions above 0.6755 with targets at 0.6785 & 0.6800 in extension.
Alternative scenario:
below 0.6755 look for further downside with 0.6740 & 0.6725 as targets.
Comment:
technically the RSI is above its neutrality area at 50.
USD/JPY Intraday: watch 106.70.
Pivot:
105.75
Our preference:
long positions above 105.75 with targets at 106.40 & 106.70 in extension.
Alternative scenario:
below 105.75 look for further downside with 105.45 & 105.10 as targets.
Comment:
the RSI advocates for further upside.
Gold spot Intraday: bullish bias above 1525.00.
Pivot:
1525.00
Our preference:
long positions above 1525.00 with targets at 1535.00 & 1543.00 in extension.
Alternative scenario:
below 1525.00 look for further downside with 1517.00 & 1508.00 as targets.
Comment:
a support base at 1525.00 has formed and has allowed for a temporary stabilisation.
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.