EUR/USD Intraday: bullish bias above 1.1065.
Pivot:1.1065
Our preference: long positions above 1.1065 with targets at 1.1080 & 1.1090 in extension.
Alternative scenario: below 1.1065 look for further downside with 1.1055 & 1.1045 as targets.
Comment: a support base at 1.1065 has formed and has allowed for a temporary stabilisation.
GBP/USD Intraday: bullish bias above 1.2930.
Pivot:1.2930
Our preference: long positions above 1.2930 with targets at 1.2970 & 1.2985 in extension.
Alternative scenario: below 1.2930 look for further downside with 1.2910 & 1.2885 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
AUD/USD Intraday:watch 0.6790.
Pivot:0.6820
Our preference: short positions below 0.6820 with targets at 0.6800 & 0.6790 in extension.
Alternative scenario: above 0.6820 look for further upside with 0.6830 & 0.6840 as targets.
Comment: a break below 0.6800 would trigger a drop towards 0.6790.
USD/JPY Intraday: under pressure.
Pivot:108.80
Our preference: short positions below 108.80 with targets at 108.50 & 108.35 in extension.
Alternative scenario: above 108.80 look for further upside with 108.95 & 109.05 as targets.
Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.
Gold spot Intraday:further advance.
Pivot:1469.00
Our preference: long positions above 1469.00 with targets at 1477.00 & 1479.50 in extension.
Alternative scenario: below 1469.00 look for further downside with 1466.00 & 1463.00 as targets.
Comment: the RSI is bullish and calls for further upside.
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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