EUR/USD Intraday: key resistance at 1.1020.
Pivot:1.1020
Our preference: short positions below 1.1020 with targets at 1.1000 & 1.0985 in extension.
Alternative scenario: above 1.1020 look for further upside with 1.1035 & 1.1055 as targets.
Comment: the upward potential is likely to be limited by the resistance at 1.1020.
GBP/USD Intraday: key resistance at 1.2350.
Pivot:1.2350
Our preference: short positions below 1.2350 with targets at 1.2310 & 1.2290 in extension
Alternative scenario: above 1.2350 look for further upside with 1.2375 & 1.2400 as targets.
Comment: as long as the resistance at 1.2350 is not surpassed, the risk of the break below 1.2310 remains high.
AUD/USD Intraday: the upside prevails.
Pivot:0.6855
Our preference: long positions above 0.6855 with targets at 0.6885 & 0.6900 in extension.
Alternative scenario: below 0.6855 look for further downside with 0.6845 & 0.6835 as targets.
Comment: the RSI calls for a rebound.
USD/JPY Intraday: further advance.
Pivot:107.65
Our preference: long positions above 107.65 with targets at 108.25 & 108.50 in extension.
Alternative scenario: below 107.65 look for further downside with 107.45 & 107.20 as targets.
Comment: the RSI calls for a new upleg.
Gold spot Intraday: range.
Pivot:1501.00
Our preference: short positions below 1501.00 with targets at 1485.00 & 1479.50 in extension
Alternative scenario: above 1501.00 look for further upside with 1505.00 & 1510.00 as targets.
Comment: as long as 1501.00 is resistance, look for choppy price action with a bearish 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.
Trading Central Trading Assistant
US Stocks CFDs Launched