EUR/USD Intraday: key resistance at 1.1025.
Pivot:1.1025
Our preference: short positions below 1.1025 with targets at 1.1010 & 1.1000 in extension.
Alternative scenario: above 1.1025 look for further upside with 1.1035 & 1.1045 as targets.
Comment: the upward potential is likely to be limited by the resistance at 1.1025.
GBP/USD Intraday: 1.2820 expected.
Pivot:1.2875
Our preference: short positions below 1.2875 with targets at 1.2835 & 1.2820 in extension.
Alternative scenario: above 1.2875 look for further upside with 1.2890 & 1.2910 as targets.
Comment: a break below 1.2835 would trigger a drop towards 1.2820.
AUD/USD Intraday: target 0.6815.
Pivot:0.6775
Our preference: long positions above 0.6775 with targets at 0.6800 & 0.6815 in extension.
Alternative scenario: below 0.6775 look for further downside with 0.6765 & 0.6755 as targets.
Comment: the RSI calls for a bounce.
USD/JPY Intraday:further upside.
Pivot:108.90
Our preference: long positions above 108.90 with targets at 109.20 & 109.35 in extension.
Alternative scenario: below 108.90 look for further downside with 108.80 & 108.70 as targets.
Comment: the RSI is bullish and calls for further advance.
Gold spot Intraday:bullish bias above 1456.50.
Pivot:1456.50
Our preference: long positions above 1456.50 with targets at 1465.00 & 1468.00 in extension.
Alternative scenario: below 1456.50 look for further downside with 1454.00 & 1451.50 as targets.
Comment: the RSI is mixed to bullish.
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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