EUR/USD Intraday: under pressure.
Pivot: 1.1720
Our preference: short positions below 1.1720 with targets at 1.1670 & 1.1635 in extension.
Alternative scenario: above 1.1720 look for further upside with 1.1750 & 1.1780 as targets.
Comment: the RSI lacks upward momentum.
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: target 1.3080.
Pivot: 1.3150
Our preference: short positions below 1.3150 with targets at 1.3080 & 1.3045 in extension.
Alternative scenario: above 1.3150 look for further upside with 1.3180 & 1.3215 as targets.
Comment: a break below 1.3080 would trigger a drop towards 1.3045.
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: the downside prevails.
Pivot: 0.7400
Our preference: short positions below 0.7400 with targets at 0.7355 & 0.7340 in extension.
Alternative scenario: above 0.7400 look for further upside with 0.7415 & 0.7435 as targets.
Comment: the RSI lacks upward momentum.
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: continuation of the rebound.
Pivot: 111.15
Our preference: long positions above 111.15 with targets at 111.60 & 111.90 in extension.
Alternative scenario: below 111.15 look for further downside with 110.80 & 110.55 as targets.
Comment: the RSI is bullish and calls for further upside.
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: key resistance at 1229.00.
Pivot: 1229.00
Our preference: short positions below 1229.00 with targets at 1221.00 & 1215.50 in extension.
Alternative scenario: above 1229.00 look for further upside with 1235.00 & 1238.00 as targets.
Comment: the RSI lacks upward momentum.
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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