EUR/USD Intraday: look for 1.1060.
Pivot:
1.1105
Our preference:
short positions below 1.1105 with targets at 1.1075 & 1.1060 in extension.
Alternative scenario:
above 1.1105 look for further upside with 1.1120 & 1.1135 as targets.
Comment:
the RSI lacks upward momentum.
GBP/USD Intraday: the upside prevails.
Pivot:
1.2250
Our preference:
long positions above 1.2250 with targets at 1.2305 & 1.2340 in extension.
Alternative scenario:
below 1.2250 look for further downside with 1.2230 & 1.2205 as targets.
Comment:
technically the RSI is above its neutrality area at 50.
AUD/USD Intraday: under pressure.
Pivot:
0.6770
Our preference:
short positions below 0.6770 with targets at 0.6740 & 0.6725 in extension.
Alternative scenario:
above 0.6770 look for further upside with 0.6785 & 0.6800 as targets.
Comment:
technically the RSI is below its neutrality area at 50.
USD/JPY Intraday: under pressure.
Pivot:
106.05
Our preference:
short positions below 106.05 with targets at 105.55 & 105.10 in extension.
Alternative scenario:
above 106.05 look for further upside with 106.35 & 106.75 as targets.
Comment:
the RSI lacks upward momentum.
Gold spot Intraday: towards 1563.00.
Pivot:
1533.50
Our preference:
long positions above 1533.50 with targets at 1554.00 & 1563.00 in extension.
Alternative scenario:
below 1533.50 look for further downside with 1525.00 & 1519.00 as targets.
Comment:
the RSI is mixed with a bullish bias.
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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