EUR/USD Intraday:key resistance at 1.1075.
Pivot:1.1075
Our preference: short positions below 1.1075 with targets at 1.1050 & 1.1040 in extension.
Alternative scenario: above 1.1075 look for further upside with 1.1085 & 1.1095 as targets.
Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.
GBP/USD Intraday: key resistance at 1.2930.
Pivot:1.2930
Our preference: short positions below 1.2930 with targets at 1.2900 & 1.2890 in extension.
Alternative scenario: above 1.2930 look for further upside with 1.2945 & 1.2965 as targets.
Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.
AUD/USD Intraday: watch 0.6770.
Pivot:0.6800
Our preference: short positions below 0.6800 with targets at 0.6780 & 0.6770 in extension.
Alternative scenario: above 0.6800 look for further upside with 0.6810 & 0.6820 as targets.
Comment: a break below 0.6780 would trigger a drop towards 0.6770.
USD/JPY Intraday: key resistance at 108.70.
Pivot:108.70
Our preference: short positions below 108.70 with targets at 108.45 & 108.25 in extension.
Alternative scenario: above 108.70 look for further upside with 108.85 & 109.00 as targets.
Comment: the index currently faces a challenging resistance area at 108.70.
Gold spot Intraday:the downside prevails.
Pivot:1469.00
Our preference: short positions below 1469.00 with targets at 1462.00 & 1457.00 in extension.
Alternative scenario: above 1469.00 look for further upside with 1471.50 & 1474.50 as targets.
Comment: the RSI calls for a new downleg.
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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