EUR/USD Intraday:towards 1.1000.
Pivot:1.1045
Our preference: short positions below 1.1045 with targets at 1.1020 & 1.1000 in extension.
Alternative scenario: above 1.1045 look for further upside with 1.1060 & 1.1075 as targets.
Comment: the RSI is bearish and calls for further downside.
GBP/USD Intraday: turning down.
Pivot:1.2660
Our preference: short positions below 1.2660 with targets at 1.2585 & 1.2540 in extension.
Alternative scenario: above 1.2660 look for further upside with 1.2705 & 1.2740 as targets.
Comment: the RSI is bearish and calls for further downside.
AUD/USD Intraday:key resistance at 0.6800.
Pivot:0.6800
Our preference: short positions below 0.6800 with targets at 0.6780 & 0.6770 in extension.
Alternative scenario: above 0.6800 look for further upside with 0.6810 & 0.6820 as targets.
Comment: the upward potential is likely to be limited by the resistance at 0.6800.
USD/JPY Intraday: 108.85 expected.
Pivot:108.25
Our preference: long positions above 108.25 with targets at 108.60 & 108.85 in extension.
Alternative scenario: below 108.25 look for further downside with 108.00 & 107.80 as targets.
Comment: a support base at 108.25 has formed and has allowed for a temporary stabilisation.
Gold spot Intraday:1474.00 expected.
Pivot:1491.00
Our preference: short positions below 1491.00 with targets at 1479.00 & 1474.00 in extension.
Alternative scenario: above 1491.00 look for further upside with 1498.00 & 1503.00 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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