EUR/USD Intraday: the upside prevails.
Pivot:1.1060
Our preference: long positions above 1.1060 with targets at 1.1090 & 1.1100 in extension.
Alternative scenario: below 1.1060 look for further downside with 1.1050 & 1.1040 as targets.
Comment: the RSI has just landed on its neutrality area at 50% and is turning up.
GBP/USD Intraday:further upside.
Pivot:1.2900
Our preference: long positions above 1.2900 with targets at 1.2940 & 1.2955 in extension.
Alternative scenario: below 1.2900 look for further downside with 1.2885 & 1.2870 as targets.
Comment: the RSI is bullish and calls for further upside.
AUD/USD Intraday: key resistance at 0.6805.
Pivot:0.6805
Our preference: short positions below 0.6805 with targets at 0.6785 & 0.6775 in extension.
Alternative scenario: above 0.6805 look for further upside with 0.6820 & 0.6830 as targets.
Comment: as long as the resistance at 0.6805 is not surpassed, the risk of the break below 0.6785 remains high.
USD/JPY Intraday: the downside prevails.
Pivot:108.70
Our preference: short positions below 108.70 with targets at 108.25 & 108.10 in extension.
Alternative scenario: above 108.70 look for further upside with 108.85 & 109.00 as targets.
Comment: the RSI lacks upward momentum.
Gold spot Intraday:towards 1482.00.
Pivot:1471.00
Our preference: long positions above 1471.00 with targets at 1479.00 & 1482.00 in extension.
Alternative scenario: below 1471.00 look for further downside with 1468.00 & 1465.00 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.
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