EUR/USD Intraday: bullish bias above 1.1065.
Pivot:1.1065
Our preference: long positions above 1.1065 with targets at 1.1090 & 1.1105 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: key resistance at 1.2945.
Pivot:1.2945
Our preference: short positions below 1.2945 with targets at 1.2910 & 1.2895 in extension.
Alternative scenario: above 1.2945 look for further upside with 1.2970 & 1.2985 as targets.
Comment: as long as the resistance at 1.2945 is not surpassed, the risk of the break below 1.2910 remains high.
AUD/USD Intraday:turning down.
Pivot:0.6830
Our preference: short positions below 0.6830 with targets at 0.6810 & 0.6795 in extension.
Alternative scenario: above 0.6830 look for further upside with 0.6840 & 0.6850 as targets.
Comment: the upward potential is likely to be limited by the resistance at 0.6830.
USD/JPY Intraday:under pressure.
Pivot:108.65
Our preference: short positions below 108.65 with targets at 108.35 & 108.20 in extension.
Alternative scenario: above 108.65 look for further upside with 108.85 & 109.05 as targets.
Comment: a break below 108.35 would trigger a drop towards 108.20.
Gold spot Intraday:the bias remains bullish.
Pivot:1468.00
Our preference: long positions above 1468.00 with targets at 1475.00 & 1479.50 in extension.
Alternative scenario: below 1468.00 look for further downside with 1465.00 & 1462.00 as targets.
Comment: the RSI is above its neutrality area at 50%.
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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