EUR/USD Intraday:target 1.1045.
Pivot:1.1000
Our preference: long positions above 1.1000 with targets at 1.1025 & 1.1045 in extension.
Alternative scenario: below 1.1000 look for further downside with 1.0985 & 1.0965 as targets.
Comment: the RSI lacks downward momentum.
GBP/USD Intraday: watch 1.2525.
Pivot:1.2460
Our preference: long positions above 1.2460 with targets at 1.2500 & 1.2525 in extension.
Alternative scenario: below 1.2460 look for further downside with 1.2440 & 1.2415 as targets.
Comment: a support base at 1.2460 has formed and has allowed for a temporary stabilisation.
AUD/USD Intraday: the upside prevails.
Pivot:0.6785
Our preference: long positions above 0.6785 with targets at 0.6810 & 0.6830 in extension.
Alternative scenario: below 0.6785 look for further downside with 0.6770 & 0.6760 as targets.
Comment: the break above 0.6785 is a positive signal that has opened a path to 0.6810.
USD/JPY Intraday: key resistance at 107.35.
Pivot:107.35
Our preference: short positions below 107.35 with targets at 106.90 & 106.65 in extension.
Alternative scenario: above 107.35 look for further upside with 107.65 & 107.80 as targets.
Comment: as long as the resistance at 107.35 is not surpassed, the risk of the break below 106.90 remains high.
Gold spot Intraday:the upside prevails.
Pivot:1526.00
Our preference: long positions above 1526.00 with targets at 1538.00 & 1544.00 in extension.
Alternative scenario: below 1526.00 look for further downside with 1522.00 & 1517.00 as targets.
Comment: the RSI advocates for further advance.
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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