EUR/USD Intraday: key resistance at 1.1035.
Pivot:1.1035
Our preference: short positions below 1.1035 with targets at 1.1010 & 1.1000 in extension.
Alternative scenario: above 1.1035 look for further upside with 1.1045 & 1.1055 as targets.
Comment: as long as the resistance at 1.1035 is not surpassed, the risk of the break below 1.1010 remains high.
GBP/USD Intraday: rebound expected.
Pivot:1.2825
Our preference: long positions above 1.2825 with targets at 1.2865 & 1.2890 in extension.
Alternative scenario: below 1.2825 look for further downside with 1.2805 & 1.2785 as targets.
Comment: a support base at 1.2825 has formed and has allowed for a temporary stabilisation.
AUD/USD Intraday: rebound expected.
Pivot:0.6780
Our preference: long positions above 0.6780 with targets at 0.6800 & 0.6810 in extension.
Alternative scenario: below 0.6780 look for further downside with 0.6770 & 0.6760 as targets.
Comment: the RSI calls for a rebound.
USD/JPY Intraday: the upside prevails.
Pivot:108.55
Our preference: long positions above 108.55 with targets at 108.85 & 109.00 in extension.
Alternative scenario: below 108.55 look for further downside with 108.45 & 108.35 as targets.
Comment: technically the RSI is above its neutrality area at 50.
Gold spot Intraday: under pressure.
Pivot:1467.00
Our preference: short positions below 1467.00 with targets at 1456.00 & 1451.00 in extension.
Alternative scenario: above 1467.00 look for further upside with 1469.50 & 1473.00 as targets.
Comment: the RSI is bearish and calls for further downside.
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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