EUR/USD Intraday: watch 1.1050.
Pivot:
1.1095
Our preference:
short positions below 1.1095 with targets at 1.1070 & 1.1050 in extension.
Alternative scenario:
above 1.1095 look for further upside with 1.1115 & 1.1135 as targets.
Comment:
as long as the resistance at 1.1095 is not surpassed, the risk of the break below 1.1070 remains high.
GBP/USD Intraday: under pressure.
Pivot:
1.2255
Our preference:
short positions below 1.2255 with targets at 1.2190 & 1.2155 in extension.
Alternative scenario:
above 1.2255 look for further upside with 1.2280 & 1.2300 as targets.
Comment:
a break below 1.2190 would trigger a drop towards 1.2155.
AUD/USD Intraday: target 0.6715.
Pivot:
0.6750
Our preference:
short positions below 0.6750 with targets at 0.6730 & 0.6715 in extension.
Alternative scenario:
above 0.6750 look for further upside with 0.6760 & 0.6770 as targets.
Comment:
a break below 0.6730 would trigger a drop towards 0.6715.
USD/JPY Intraday: continuation of the rebound.
Pivot:
105.85
Our preference:
long positions above 105.85 with targets at 106.25 & 106.50 in extension.
Alternative scenario:
below 105.85 look for further downside with 105.55 & 105.10 as targets.
Comment:
the break above 105.85 is a positive signal that has opened a path to 106.25.
Gold spot Intraday: the bias remains bullish.
Pivot:
1533.00
Our preference:
long positions above 1533.00 with targets at 1549.00 & 1555.00 in extension.
Alternative scenario:
below 1533.00 look for further downside with 1525.50 & 1519.00 as targets.
Comment:
a support base at 1533.00 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.
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