EUR/USD Intraday:the upside prevails.
Pivot:1.1105
Our preference: long positions above 1.1105 with targets at 1.1140 & 1.1160 in extension.
Alternative scenario: below 1.1105 look for further downside with 1.1085 & 1.1065 as targets.
Comment: the break above 1.1105 is a positive signal that has opened a path to 1.1140.
GBP/USD Intraday: continuation of the rebound.
Pivot:1.2835
Our preference: long positions above 1.2835 with targets at 1.2895 & 1.2930 in extension.
Alternative scenario: below 1.2835 look for further downside with 1.2800 & 1.2755 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
AUD/USD Intraday:the bias remains bullish.
Pivot:0.6810
Our preference: long positions above 0.6810 with targets at 0.6835 & 0.6850 in extension.
Alternative scenario: below 0.6810 look for further downside with 0.6790 & 0.6770 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
USD/JPY Intraday: under pressure.
Pivot:108.70
Our preference: short positions below 108.70 with targets at 108.45 & 108.30 in extension.
Alternative scenario: above 108.70 look for further upside with 108.85 & 108.95 as targets.
Comment: as long as the resistance at 108.70 is not surpassed, the risk of the break below 108.45 remains high.
Gold spot Intraday:watch 1500.00.
Pivot:1488.00
Our preference: long positions above 1488.00 with targets at 1497.00 & 1500.00 in extension.
Alternative scenario: below 1488.00 look for further downside with 1484.00 & 1481.00 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
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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