EUR/USD Intraday:the upside prevails.
Pivot:1.1010
Our preference: long positions above 1.1010 with targets at 1.1035 & 1.1045 in extension.
Alternative scenario: below 1.1010 look for further downside with 1.1000 & 1.0990 as targets.
Comment: technically the RSI is above its neutrality area at 50.
GBP/USD Intraday:further upside.
Pivot:1.2865
Our preference: long positions above 1.2865 with targets at 1.2895 & 1.2910 in extension.
Alternative scenario: below 1.2865 look for further downside with 1.2845 & 1.2825 as targets.
Comment: the break above 1.2865 is a positive signal that has opened a path to 1.2895.
AUD/USD Intraday:key resistance at 0.6795.
Pivot:0.6795
Our preference: short positions below 0.6795 with targets at 0.6775 & 0.6765 in extension.
Alternative scenario: above 0.6795 look for further upside with 0.6805 & 0.6820 as targets.
Comment: the index currently faces a challenging resistance area at 0.6795.
USD/JPY Intraday: key resistance at 108.55.
Pivot:108.55
Our preference: short positions below 108.55 with targets at 108.30 & 108.20 in extension.
Alternative scenario: above 108.55 look for further upside with 108.70 & 108.85 as targets.
Comment: as long as the resistance at 108.55 is not surpassed, the risk of the break below 108.30 remains high.
Gold spot Intraday:the bias remains bullish.
Pivot:1465.00
Our preference: long positions above 1465.00 with targets at 1474.00 & 1477.00 in extension.
Alternative scenario: below 1465.00 look for further downside with 1461.00 & 1458.00 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
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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