EUR/USD Intraday:towards 1.0885.
Pivot:1.0940
Our preference: short positions below 1.0940 with targets at 1.0905 & 1.0885 in extension.
Alternative scenario: above 1.0940 look for further upside with 1.0965 & 1.0990 as targets.
Comment: the RSI is bearish and calls for further downside.
GBP/USD Intraday: watch 1.2260.
Pivot:1.2360
Our preference: short positions below 1.2360 with targets at 1.2305 & 1.2260 in extension.
Alternative scenario: above 1.2360 look for further upside with 1.2385 & 1.2415 as targets.
Comment: a break below 1.2305 would trigger a drop towards 1.2260.
AUD/USD Intraday:under pressure.
Pivot:0.6765
Our preference: short positions below 0.6765 with targets at 0.6735 & 0.6720 in extension.
Alternative scenario: above 0.6765 look for further upside with 0.6780 & 0.6795 as targets.
Comment: as long as the resistance at 0.6765 is not surpassed, the risk of the break below 0.6735 remains high.
USD/JPY Intraday: the upside prevails.
Pivot:107.70
Our preference: long positions above 107.70 with targets at 108.00 & 108.15 in extension.
Alternative scenario: below 107.70 look for further downside with 107.55 & 107.40 as targets.
Comment: the break above 107.70 is a positive signal that has opened a path to 108.00.
Gold spot Intraday:key resistance at 1512.50.
Pivot:1512.50
Our preference: short positions below 1512.50 with targets at 1500.00 & 1497.00 in extension.
Alternative scenario: above 1512.50 look for further upside with 1515.50 & 1519.00 as targets.
Comment: as long as the resistance at 1512.50 is not surpassed, the risk of the break below 1500.00 remains high.
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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