EUR/USD Intraday: the downside prevails.
Pivot:1.1095
Our preference: short positions below 1.1095 with targets at 1.1070 & 1.1055 in extension.
Alternative scenario: above 1.1095 look for further upside with 1.1105 & 1.1120 as targets.
Comment: the RSI is bearish and calls for further downside.
GBP/USD Intraday: key resistance at 1.2845.
Pivot:1.2845
Our preference: short positions below 1.2845 with targets at 1.2810 & 1.2790 in extension.
Alternative scenario: above 1.2845 look for further upside with 1.2865 & 1.2880 as targets.
Comment: the RSI is below its neutrality area at 50%
AUD/USD Intraday: key resistance at 0.6835.
Pivot:0.6835
Our preference: short positions below 0.6835 with targets at 0.6810 & 0.6800 in extension.
Alternative scenario: above 0.6835 look for further upside with 0.6845 & 0.6855 as targets.
Comment: as long as the resistance at 0.6835 is not surpassed, the risk of the break below 0.6810 remains high.
USD/JPY Intraday: bullish bias above 108.50.
Pivot:108.50
Our preference: long positions above 108.50 with targets at 108.80 & 108.95 in extension.
Alternative scenario: below 108.50 look for further downside with 108.40 & 108.25 as targets.
Comment: the RSI calls for a bounce.
Gold spot Intraday:consolidation in place.
Pivot:1509.00
Our preference: short positions below 1509.00 with targets at 1500.00 & 1496.00 in extension.
Alternative scenario: above 1509.00 look for further upside with 1514.00 & 1518.00 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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