EUR/USD Intraday: look for 1.1135.
Pivot:1.1095
Our preference: long positions above 1.1095 with targets at 1.1120 & 1.1135 in extension.
Alternative scenario: below 1.1095 look for further downside with 1.1080 & 1.1070 as targets.
Comment: the RSI is mixed to bullish.
GBP/USD Intraday: rebound expected.
Pivot:1.2840
Our preference: long positions above 1.2840 with targets at 1.2890 & 1.2905 in extension.
Alternative scenario: below 1.2840 look for further downside with 1.2820 & 1.2805 as targets.
Comment: a support base at 1.2840 has formed and has allowed for a temporary stabilisation.
AUD/USD Intraday: supported by a rising trend line.
Pivot:0.6845
Our preference: long positions above 0.6845 with targets at 0.6870 & 0.6885 in extension.
Alternative scenario: below 0.6845 look for further downside with 0.6830 & 0.6820 as targets.
Comment: a support base at 0.6845 has formed and has allowed for a temporary stabilisation.
USD/JPY Intraday: consolidation in place.
Pivot:109.00
Our preference: short positions below 109.00 with targets at 108.75 & 108.65 in extension.
Alternative scenario: above 109.00 look for further upside with 109.10 & 109.25 as targets.
Comment: the RSI is mixed with a bearish bias.
Gold spot Intraday: under pressure.
Pivot:1492.50
Our preference: short positions below 1492.50 with targets at 1483.50 & 1479.00 in extension.
Alternative scenario: above 1492.50 look for further upside with 1497.00 & 1500.50 as targets.
Comment: the RSI lacks upward momentum.
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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