TC FX Analysis

Date:2018/8/15 GBP/USD Intraday: towards 1.2700.

EUR/USD Intraday: the downside prevails.
Pivot: 1.1380

Our preference: short positions below 1.1380 with targets at 1.1330 & 1.1290 in extension.

Alternative scenario: above 1.1380 look for further upside with 1.1430 & 1.1480 as targets.

Comment: a break below 1.1330 would trigger a drop towards 1.1290.

Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point  | Black represents the price when the report was produced

GBP/USD Intraday: towards 1.2700.
Pivot: 1.2755

Our preference: short positions below 1.2755 with targets at 1.2700 & 1.2670 in extension.

Alternative scenario: above 1.2755 look for further upside with 1.2790 & 1.2820 as targets.

Comment: a break below 1.2700 would trigger a drop towards 1.2670.

Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point  | Black represents the price when the report was produced

AUD/USD Intraday: watch 0.7220.
Pivot: 0.7255

Our preference: short positions below 0.7255 with targets at 0.7220 & 0.7200 in extension.

Alternative scenario: above 0.7255 look for further upside with 0.7290 & 0.7325 as targets.

Comment: as long as 0.7255 is resistance, likely decline to 0.7220.

Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point  | Black represents the price when the report was produced

USD/JPY Intraday: towards 111.40.
Pivot: 110.95

Our preference: long positions above 110.95 with targets at 111.40 & 111.65 in extension.

Alternative scenario: below 110.95 look for further downside with 110.75 & 110.55 as targets.

Comment: the RSI calls for a new upleg.

Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point  | Black represents the price when the report was produced

Gold spot Intraday: watch 1187.00.
Pivot: 1198.00

Our preference: short positions below 1198.00 with targets at 1191.50 & 1187.00 in extension.

Alternative scenario: above 1198.00 look for further upside with 1202.00 & 1206.00 as targets.

Comment: the RSI is bearish and calls for further decline.

Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point  | Black represents the price when the report was produced

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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