EUR/USD Intraday:watch 1.0985.
Pivot:1.1020
Our preference: short positions below 1.1020 with targets at 1.1000 & 1.0985 in extension.
Alternative scenario: above 1.1020 look for further upside with 1.1035 & 1.1055 as targets.
Comment: the RSI is bearish and calls for further downside.
GBP/USD Intraday: bullish bias above 1.2400.
Pivot:1.2400
Our preference: long positions above 1.2400 with targets at 1.2465 & 1.2500 in extension.
Alternative scenario: below 1.2400 look for further downside with 1.2370 & 1.2330 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
AUD/USD Intraday:bullish bias above 0.6750.
Pivot:0.6750
Our preference: long positions above 0.6750 with targets at 0.6775 & 0.6790 in extension.
Alternative scenario: below 0.6750 look for further downside with 0.6740 & 0.6730 as targets.
Comment: a support base at 0.6750 has formed and has allowed for a temporary stabilisation.
USD/JPY Intraday: the upside prevails.
Pivot:107.70
Our preference: long positions above 107.70 with targets at 108.00 & 108.20 in extension.
Alternative scenario: below 107.70 look for further downside with 107.55 & 107.35 as targets.
Comment: the break above 107.70 is a positive signal that has opened a path to 108.00.
Gold spot Intraday:towards 1486.50.
Pivot:1499.50
Our preference: short positions below 1499.50 with targets at 1490.00 & 1486.50 in extension
Alternative scenario: above 1499.50 look for further upside with 1504.00 & 1509.50 as targets.
Comment: the RSI is mixed to bearish.
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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