EUR/USD Intraday:continuation of the rebound.
Pivot:1.1015
Our preference: long positions above 1.1015 with targets at 1.1045 & 1.1065 in extension.
Alternative scenario: below 1.1015 look for further downside with 1.1000 & 1.0985 as targets.
Comment: the RSI is bullish and calls for further upside.
GBP/USD Intraday: further upside.
Pivot:1.2695
Our preference: long positions above 1.2695 with targets at 1.2845 & 1.2900 in extension.
Alternative scenario: below 1.2695 look for further downside with 1.2620 & 1.2550 as targets.
Comment: the RSI advocates for further advance.
AUD/USD Intraday:under pressure.
Pivot:0.6765
Our preference: short positions below 0.6765 with targets at 0.6740 & 0.6725 in extension.
Alternative scenario: above 0.6765 look for further upside with 0.6780 & 0.6790 as targets.
Comment: as long as 0.6765 is resistance, likely decline to 0.6740.
USD/JPY Intraday: the upside prevails.
Pivot:108.60
Our preference: long positions above 108.60 with targets at 109.00 & 109.30 in extension.
Alternative scenario: below 108.60 look for further downside with 108.40 & 108.10 as targets.
Comment: the break above 108.60 is a positive signal that has opened a path to 109.00.
Gold spot Intraday:target 1469.00.
Pivot:1488.50
Our preference: short positions below 1488.50 with targets at 1475.50 & 1469.00 in extension.
Alternative scenario: above 1488.50 look for further upside with 1497.00 & 1503.00 as targets.
Comment: the RSI is bearish and calls for further decline.
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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