EUR/USD Intraday:continuation of the rebound.
Pivot:1.1060
Our preference: long positions above 1.1060 with targets at 1.1085 & 1.1100 in extension.
Alternative scenario: below 1.1060 look for further downside with 1.1040 & 1.1020 as targets.
Comment: the RSI is bullish and calls for further upside.
GBP/USD Intraday: bullish bias above 1.2785.
Pivot:1.2785
Our preference: long positions above 1.2785 with targets at 1.2870 & 1.2900 in extension.
Alternative scenario: below 1.2785 look for further downside with 1.2740 & 1.2695 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
AUD/USD Intraday:target 0.6775.
Pivot:0.6745
Our preference: long positions above 0.6745 with targets at 0.6765 & 0.6775 in extension.
Alternative scenario: below 0.6745 look for further downside with 0.6730 & 0.6720 as targets.
Comment: technically the RSI is above its neutrality area at 50.
USD/JPY Intraday: key resistance at 108.80.
Pivot:108.80
Our preference: short positions below 108.80 with targets at 108.60 & 108.45 in extension.
Alternative scenario: above 108.80 look for further upside with 108.90 & 109.00 as targets.
Comment: as long as the resistance at 108.80 is not surpassed, the risk of the break below 108.60 remains high.
Gold spot Intraday:continuation of the rebound.
Pivot:1483.00
Our preference: long positions above 1483.00 with targets at 1497.00 & 1503.00 in extension.
Alternative scenario: below 1483.00 look for further downside with 1478.00 & 1474.00 as targets.
Comment: the RSI calls for a rebound.
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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