EUR/USD Intraday: key resistance at 1.1015.
Pivot:1.1015
Our preference: short positions below 1.1015 with targets at 1.0995 & 1.0980 in extension.
Alternative scenario: above 1.1015 look for further upside with 1.1025 & 1.1040 as targets.
Comment: the upward potential is likely to be limited by the resistance at 1.1015.
GBP/USD Intraday: key resistance at 1.2860.
Pivot:1.2860
Our preference: short positions below 1.2860 with targets at 1.2835 & 1.2820 in extension.
Alternative scenario: above 1.2860 look for further upside with 1.2875 & 1.2895 as targets.
Comment: the upward potential is likely to be limited by the resistance at 1.2860.
AUD/USD Intraday:capped by a negative trend line.
Pivot:0.6845
Our preference: short positions below 0.6845 with targets at 0.6825 & 0.6815 in extension.
Alternative scenario: above 0.6845 look for further upside with 0.6855 & 0.6865 as targets.
Comment: the upward potential is likely to be limited by the resistance at 0.6845.
USD/JPY Intraday:under pressure.
Pivot:108.90
Our preference: short positions below 108.90 with targets at 108.65 & 108.55 in extension.
Alternative scenario: above 108.90 look for further upside with 109.00 & 109.15 as targets.
Comment: as long as 108.90 is resistance, look for choppy price action with a bearish bias.
Gold spot Intraday: supported by a rising trend line.
Pivot:1460.50
Our preference: long positions above 1460.50 with targets at 1467.00 & 1471.00 in extension.
Alternative scenario: below 1460.50 look for further downside with 1458.00 & 1455.50 as targets.
Comment: the RSI calls for a bounce.
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.
Trading Central Trading Assistant
US Stocks CFDs Launched