EUR/USD Intraday: key resistance at 1.1015.
Pivot:1.1015
Our preference: short positions below 1.1015 with targets at 1.0990 & 1.0980 in extension.
Alternative scenario: above 1.1015 look for further upside with 1.1025 & 1.1035 as targets.
Comment: technically the RSI is below its neutrality area at 50.
GBP/USD Intraday:look for 1.2970.
Pivot:1.2900
Our preference: long positions above 1.2900 with targets at 1.2950 & 1.2970 in extension.
Alternative scenario: below 1.2900 look for further downside with 1.2885 & 1.2870 as targets.
Comment: the RSI is bearish and calls for further decline.
AUD/USD Intraday:watch 0.6745.
Pivot:0.6780
Our preference: short positions below 0.6780 with targets at 0.6755 & 0.6745 in extension.
Alternative scenario: above 0.6780 look for further upside with 0.6790 & 0.6800 as targets.
Comment: the RSI calls for a new downleg.
USD/JPY Intraday:supported by a rising trend line.
Pivot:109.20
Our preference: long positions above 109.20 with targets at 109.60 & 109.80 in extension.
Alternative scenario: below 109.20 look for further downside with 109.10 & 109.00 as targets.
Comment: the RSI has just landed on its neutrality area at 50% and is turning up.
Gold spot Intraday:caution.
Pivot:1458.00
Our preference: short positions below 1458.00 with targets at 1452.50 & 1450.00 in extension.
Alternative scenario: above 1458.00 look for further upside with 1460.00 & 1462.50 as targets.
Comment: the RSI is mixed and calls for caution.
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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