TC FX Analysis

Date:2018/7/25 GBP/USD Intraday: continuation of the rebound.

EUR/USD Intraday: under pressure.

Pivot: 1.1715

Our preference: short positions below 1.1715 with targets at 1.1655 & 1.1635 in extension.

Alternative scenario: above 1.1715 look for further upside with 1.1750 & 1.1765 as targets.

Comment: as long as the resistance at 1.1715 is not surpassed, the risk of the break below 1.1655 remains high.

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: continuation of the rebound.

Pivot: 1.3110

Our preference: long positions above 1.3110 with targets at 1.3180 & 1.3210 in extension.

Alternative scenario: below 1.3110 look for further downside with 1.3070 & 1.3035 as targets.

Comment: the RSI lacks downward 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

AUD/USD Intraday: 0.7435 in sight.

Pivot: 0.7405

Our preference: long positions above 0.7405 with targets at 0.7435 & 0.7455 in extension.

Alternative scenario: below 0.7405 look for further downside with 0.7385 & 0.7360 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

USD/JPY Intraday: rebound expected.

Pivot: 111.00

Our preference: long positions above 111.00 with targets at 111.50 & 111.90 in extension.

Alternative scenario: below 111.00 look for further downside with 110.80 & 110.55 as targets.

Comment: the RSI has just landed on its neutrality area at 50% and is turning up.

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: bullish bias above 1223.00.

Pivot: 1223.00

Our preference: long positions above 1223.00 with targets at 1229.50 & 1231.50 in extension.

Alternative scenario: below 1223.00 look for further downside with 1218.00 & 1215.50 as targets.

Comment: the RSI is mixed to bullish.

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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