EUR/USD Intraday: key resistance at 1.1160.
Pivot:1.1160
Our preference: short positions below 1.1160 with targets at 1.1135 & 1.1115 in extension.
Alternative scenario: above 1.1160 look for further upside with 1.1180 & 1.1195 as targets.
Comment: as long as the resistance at 1.1160 is not surpassed, the risk of the break below 1.1135 remains high.
GBP/USD Intraday: bullish bias above 1.2945.
Pivot:1.2945
Our preference: long positions above 1.2945 with targets at 1.2995 & 1.3015 in extension.
Alternative scenario: below 1.2945 look for further downside with 1.2920 & 1.2885 as targets.
Comment: the RSI lacks downward momentum.
AUD/USD Intraday:bullish bias above 0.6855.
Pivot:0.6855
Our preference: long positions above 0.6855 with targets at 0.6880 & 0.6895 in extension.
Alternative scenario: below 0.6855 look for further downside with 0.6840 & 0.6820 as targets.
Comment: a support base at 0.6855 has formed and has allowed for a temporary stabilisation.
USD/JPY Intraday: the upside prevails.
Pivot:108.45
Our preference: long positions above 108.45 with targets at 108.70 & 108.85 in extension.
Alternative scenario: below 108.45 look for further downside with 108.30 & 108.15 as targets.
Comment: the RSI is mixed to bullish.
Gold spot Intraday:1477.00 expected.
Pivot:1488.00
Our preference: short positions below 1488.00 with targets at 1480.00 & 1477.00 in extension.
Alternative scenario: above 1488.00 look for further upside with 1490.50 & 1494.00 as targets.
Comment: as long as the resistance at 1488.00 is not surpassed, the risk of the break below 1480.00 remains high
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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