EUR/USD Intraday: under pressure.
Pivot:1.1080
Our preference: short positions below 1.1080 with targets at 1.1055 & 1.1040 in extension.
Alternative scenario: above 1.1080 look for further upside with 1.1095 & 1.1110 as targets.
Comment: the RSI is mixed to bearish.
GBP/USD Intraday: under pressure.
Pivot:1.2875
Our preference: short positions below 1.2875 with targets at 1.2840 & 1.2820 in extension.
Alternative scenario: above 1.2875 look for further upside with 1.2895 & 1.2910 as targets.
Comment: the RSI is bearish and calls for further decline.
AUD/USD Intraday: the downside prevails.
Pivot:0.6895
Our preference: short positions below 0.6895 with targets at 0.6865 & 0.6845 in extension.
Alternative scenario: above 0.6895 look for further upside with 0.6905 & 0.6915 as targets.
Comment: the RSI is bearish and calls for further decline.
USD/JPY Intraday:the downside prevails.
Pivot:109.10
Our preference: short positions below 109.10 with targets at 108.65 & 108.50 in extension.
Alternative scenario: above 109.10 look for further upside with 109.25 & 109.40 as targets.
Comment: the RSI advocates for further downside.
Gold spot Intraday:bullish bias above 1485.50.
Pivot:1485.50
Our preference: long positions above 1485.50 with targets at 1495.00 & 1499.50 in extension.
Alternative scenario: below 1485.50 look for further downside with 1479.00 & 1474.00 as targets.
Comment: the RSI is mixed with a bullish bias.
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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