EUR/USD Intraday:watch 1.1075.
Pivot:1.1040
Our preference: long positions above 1.1040 with targets at 1.1065 & 1.1075 in extension.
Alternative scenario: below 1.1040 look for further downside with 1.1030 & 1.1015 as targets.
Comment: the RSI lacks downward momentum.
GBP/USD Intraday: the upside prevails.
Pivot:1.2895
Our preference: long positions above 1.2895 with targets at 1.2940 & 1.2960 in extension.
Alternative scenario: below 1.2895 look for further downside with 1.2865 & 1.2845 as targets.
Comment: the break above 1.2895 is a positive signal that has opened a path to 1.2940.
AUD/USD Intraday:0.6830 expected.
Pivot:0.6805
Our preference: long positions above 0.6805 with targets at 0.6820 & 0.6830 in extension.
Alternative scenario: below 0.6805 look for further downside with 0.6795 & 0.6780 as targets.
Comment: a support base at 0.6805 has formed and has allowed for a temporary stabilisation.
USD/JPY Intraday:turning down.
Pivot:108.85
Our preference: short positions below 108.85 with targets at 108.60 & 108.45 in extension.
Alternative scenario: above 108.85 look for further upside with 109.00 & 109.15 as targets.
Comment: the immediate trend remains down and the momentum is strong.
Gold spot Intraday:rebound.
Pivot:1466.00
Our preference: long positions above 1466.00 with targets at 1470.00 & 1474.00 in extension.
Alternative scenario: below 1466.00 look for further downside with 1463.00 & 1460.50 as targets.
Comment: the RSI advocates for further advance.
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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