EUR/USD Intraday: under pressure.
Pivot:1.0915
Our preference: short positions below 1.0915 with targets at 1.0885 & 1.0875 in extension.
Alternative scenario: above 1.0915 look for further upside with 1.0930 & 1.0945 as targets.
Comment: as long as the resistance at 1.0915 is not surpassed, the risk of the break below 1.0885 remains high.
GBP/USD Intraday: under pressure.
Pivot:1.2305
Our preference: short positions below 1.2305 with targets at 1.2275 & 1.2255 in extension.
Alternative scenario: above 1.2305 look for further upside with 1.2325 & 1.2345 as targets.
Comment: the RSI lacks upward momentum.
AUD/USD Intraday: key resistance at 0.6765.
Pivot:0.6765
Our preference: short positions below 0.6765 with targets at 0.6735 & 0.6725 in extension.
Alternative scenario: above 0.6765 look for further upside with 0.6780 & 0.6795 as targets.
Comment: as long as 0.6765 is resistance, look for choppy price action with a bearish bias.
USD/JPY Intraday: the upside prevails.
Pivot:107.95
Our preference: long positions above 107.95 with targets at 108.20 & 108.45 in extension.
Alternative scenario: below 107.95 look for further downside with 107.75 & 107.60 as targets.
Comment: the break above 107.95 is a positive signal that has opened a path to 108.20.
Gold spot Intraday:the downside prevails.
Pivot:1483.00
Our preference: short positions below 1483.00 with targets at 1464.00 & 1459.00 in extension.
Alternative scenario: above 1483.00 look for further upside with 1489.00 & 1494.00 as targets.
Comment: the RSI calls for a new downleg.
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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