EUR/USD Intraday:key resistance at 1.0970.
Pivot:1.0970
Our preference: short positions below 1.0970 with targets at 1.0950 & 1.0940 in extension.
Alternative scenario: above 1.0970 look for further upside with 1.0985 & 1.0995 as targets.
Comment: as long as the resistance at 1.0970 is not surpassed, the risk of the break below 1.0950 remains high.
GBP/USD Intraday: under pressure.
Pivot:1.2245
Our preference: short positions below 1.2245 with targets at 1.2195 & 1.2180 in extension.
Alternative scenario: above 1.2245 look for further upside with 1.2280 & 1.2300 as targets.
Comment: as long as the resistance at 1.2245 is not surpassed, the risk of the break below 1.2195 remains high.
AUD/USD Intraday:under pressure.
Pivot:0.6740
Our preference: short positions below 0.6740 with targets at 0.6715 & 0.6700 in extension.
Alternative scenario: above 0.6740 look for further upside with 0.6755 & 0.6765 as targets.
Comment: the break below 0.6740 is a negative signal that has opened a path to 0.6715.
USD/JPY Intraday: turning down.
Pivot:107.15
Our preference: short positions below 107.15 with targets at 106.80 & 106.65 in extension.
Alternative scenario: above 107.15 look for further upside with 107.30 & 107.45 as targets.
Comment: the RSI shows downside momentum.
Gold spot Intraday:towards 1519.50.
Pivot:1498.00
Our preference: long positions above 1498.00 with targets at 1516.00 & 1519.50 in extension.
Alternative scenario: below 1498.00 look for further downside with 1492.50 & 1488.50 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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