Daily Technical Strategies

EUR/USD INTRADAY: CONTINUATION OF THE REBOUND.

Pivot: 1.0730

Our preference: long positions above 1.0730 with targets at 1.0780 & 1.0810 in extension.

Alternative scenario: below 1.0730 look for further downside with 1.0705 & 1.0680 as targets. Comment: the RSI calls for a new upleg.

USD/JPY INTRADAY: UNDER PRESSURE.

Pivot: 113.00

Our preference: short positions below 113.00 with targets at 112.40 & 112.05 in extension.

Alternative scenario: above 113.00 look for further upside with 113.50 & 114.00 as targets.

Comment: a break below 112.40 would trigger a drop towards 112.05.

GBP/USD INTRADAY: THE UPSIDE PREVAILS.

Pivot: 1.2340

Our preference: long positions above 1.2340 with targets at 1.2430 & 1.2475 in extension.

Alternative scenario: below 1.2340 look for further downside with 1.2295 & 1.2250 as targets.

Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

GOLD SPOT INTRADAY: SUPPORTED BY A RISING TREND LINE

Pivot: 1229.00 Our preference: long positions above 1229.00 with targets at 1241.00 & 1246.50 in extension.

Alternative scenario: below 1229.00 look for further downside with 1224.00 & 1218.00 as targets.

Comment: the RSI broke above a declining trend line.

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