EUR/USD Intraday: rebound expected.
Pivot:1.1035
Our preference: long positions above 1.1035 with targets at 1.1060 & 1.1070 in extension.
Alternative scenario: below 1.1035 look for further downside with 1.1025 & 1.1015 as targets.
Comment: a support base at 1.1035 has formed and has allowed for a temporary stabilisation.
GBP/USD Intraday: bullish bias above 1.2335.
Pivot:1.2335
Our preference: long positions above 1.2335 with targets at 1.2380 & 1.2400 in extension.
Alternative scenario: below 1.2335 look for further downside with 1.2305 & 1.2270 as targets.
Comment: the RSI has just landed on its neutrality area at 50% and is turning up.
AUD/USD Intraday: key resistance at 0.6870.
Pivot:0.6870
Our preference: short positions below 0.6870 with targets at 0.6845 & 0.6835 in extension.
Alternative scenario: above 0.6870 look for further upside with 0.6885 & 0.6900 as targets.
Comment: the upward potential is likely to be limited by the resistance at 0.6870.
USD/JPY Intraday: towards 107.85.
Pivot:107.35
Our preference: long positions above 107.35 with targets at 107.65 & 107.85 in extension.
Alternative scenario: below 107.35 look for further downside with 107.20 & 107.05 as targets.
Comment: the RSI is bullish and calls for further upside.
Gold spot Intraday: capped by a negative trend line.
Pivot:1498.00
Our preference: short positions below 1498.00 with targets at 1475.00 & 1468.00 in extension.
Alternative scenario: above 1498.00 look for further upside with 1505.00 & 1514.00 as targets.
Comment: the RSI is mixed to bearish.
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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