EUR/USD Intraday: turning down.
Pivot:1.1060
Our preference: short positions below 1.1060 with targets at 1.1030 & 1.1015 in extension.
Alternative scenario: above 1.1060 look for further upside with 1.1075 & 1.1085 as targets.
Comment: a break below 1.1030 would trigger a drop towards 1.1015.
GBP/USD Intraday: bullish bias above 1.2500.
Pivot:1.2500
Our preference: long positions above 1.2500 with targets at 1.2560 & 1.2580 in extension.
Alternative scenario: below 1.2500 look for further downside with 1.2475 & 1.2445 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
AUD/USD Intraday: key resistance at 0.6810.
Pivot:0.6810
Our preference: short positions below 0.6810 with targets at 0.6780 & 0.6760 in extension.
Alternative scenario: above 0.6810 look for further upside with 0.6830 & 0.6855 as targets.
Comment: as long as the resistance at 0.6810 is not surpassed, the risk of the break below 0.6780 remains high
USD/JPY Intraday: under pressure.
Pivot:108.15
Our preference: short positions below 108.15 with targets at 107.90 & 107.75 in extension.
Alternative scenario: above 108.15 look for further upside with 108.30 & 108.45 as targets.
Comment: as long as the resistance at 108.15 is not surpassed, the risk of the break below 107.90 remains high.
Gold spot Intraday: up turn.
Pivot:1495.50
Our preference: long positions above 1495.50 with targets at 1504.50 & 1507.00 in extension.
Alternative scenario: below 1495.50 look for further downside with 1488.50 & 1483.00 as targets.
Comment: the RSI has just landed on its neutrality area at 50% and is turning up.
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.