EUR/USD Intraday: watch 1.0970.
Pivot:1.1030
Our preference: short positions below 1.1030 with targets at 1.0990 & 1.0970 in extension..
Alternative scenario: above 1.1030 look for further upside with 1.1050 & 1.1065 as targets.
Comment: a break below 1.0990 would trigger a drop towards 1.0970.
GBP/USD Intraday: under pressure.
Pivot:1.2455
Our preference: short positions below 1.2455 with targets at 1.2400 & 1.2370 in extension.
Alternative scenario: above 1.2455 look for further upside with 1.2480 & 1.2505 as targets.
Comment: a break below 1.2400 would trigger a drop towards 1.2370.
AUD/USD Intraday: key resistance at 0.6875.
Pivot:0.6875
Our preference: short positions below 0.6875 with targets at 0.6860 & 0.6850 in extension.
Alternative scenario: above 0.6875 look for further upside with 0.6885 & 0.6895 as targets.
Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.
USD/JPY Intraday: towards 108.50.
Pivot:107.90
Our preference: long positions above 107.90 with targets at 108.25 & 108.50 in extension.
Alternative scenario: below 107.90 look for further downside with 107.65 & 107.45 as targets.
Comment: the RSI is bullish and calls for further upside.
Gold spot Intraday: intraday support around 1495.00.
Pivot:1495.00
Our preference: long positions above 1495.00 with targets at 1506.00 & 1512.00 in extension.
Alternative scenario: below 1495.00 look for further downside with 1491.00 & 1486.00 as targets.
Comment: the RSI is mixed and calls for caution.
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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