EUR/USD Intraday: aim @ 1.1000.
Pivot:1.1035
Our preference: short positions below 1.1035 with targets at 1.1015 & 1.1000 in extension.
Alternative scenario: above 1.1035 look for further upside with 1.1050 & 1.1070 as targets.
Comment: the RSI lacks upward momentum.
GBP/USD Intraday: key resistance at 1.2305.
Pivot:1.2305
Our preference: short positions below 1.2305 with targets at 1.2260 & 1.2230 in extension.
Alternative scenario: above 1.2305 look for further upside with 1.2335 & 1.2355 as targets.
Comment: as long as 1.2305 is resistance, expect a return to 1.2260.
AUD/USD Intraday: bullish bias above 0.6835.
Pivot:0.6835
Our preference: long positions above 0.6835 with targets at 0.6860 & 0.6880 in extension.
Alternative scenario: below 0.6835 look for further downside with 0.6820 & 0.6805 as targets.
Comment: a support base at 0.6835 has formed and has allowed for a temporary stabilisation.
USD/JPY Intraday: turning up.
Pivot:106.75
Our preference: long positions above 106.75 with targets at 107.10 & 107.25 in extension.
Alternative scenario: below 106.75 look for further downside with 106.55 & 106.35 as targets.
Comment: the RSI calls for a new upleg.
Gold spot Intraday: look for 1493.00.
Pivot:1513.00
Our preference: short positions below 1513.00 with targets at 1502.00 & 1493.00 in extension.
Alternative scenario: above 1513.00 look for further upside with 1519.00 & 1528.00 as targets.
Comment: a break below 1502.00 would trigger a drop towards 1493.00.
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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